Obama’s huge spending plan is hit by doubts
President-elect Barack Obama last week issued his most gloomy assessment yet of the state of the US economy.
President-elect Barack Obama last week issued his most gloomy assessment yet of the state of the US economy. In his first major policy address since his election on November 4, Obama warned of a recession that could ‘‘linger for years’’ if his economic stimulus plan, which carries an estimated price tag of around $800 billion, was not passed by Congress.
But even members of Obama’s own party have expressed doubts about some aspects...
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