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"A comprehensive, collaborative elections resource."
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Meatier Stimulus Plan in Works
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| Contributor | Jason |
| Last Edited | Jason Dec 13, 2008 12:45am |
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| Category | News |
| Media | Newspaper - Wall Street Journal |
| News Date | Saturday, December 13, 2008 06:45:00 AM UTC0:0 |
| Description | President-elect Barack Obama's economic team is considering an economic-stimulus program that will be far larger than the two-year, half-trillion-dollar plan under consideration two weeks ago, according to people familiar with the team's thinking.
The president-elect is expected to be briefed on the broad parameters of the plan next week, with aides still hoping for Congress to pass a bill by the time Mr. Obama takes office Jan. 20.
With the unemployment rate now expected to hit 9% without aggressive intervention, Obama aides and advisers have set $600 billion over two years as "a very low-end estimate," one person familiar with the matter said. The final number is expected to be significantly higher, possibly between $700 billion and $1 trillion over two years.
Transition spokeswoman Stephanie Cutter denied any decisions have been made on the scope of the plan. "Any speculation on size or scope is premature at this time," she said. |
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