InfoAnda - Stimulus package top priority for Obama and lawmakers

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

WikiLeaks urges U.S. to fully examine abuses | | 4 November 2010
U.S. Envoy Holbrooke Arrives In India To Hold Security Talks | 16 February 2009
Shuttle launch delayed to July by hydrogen leak | 18 June 2009

Irish woman jailed for incest, abuse of children | International | | 23 January 2009

">Forum Views () ">Forum Replies ()

Read more with google mobile : Stimulus package top priority for Obama and lawmakers

Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: Stimulus package top priority for Obama and lawmakers AFP - 46 minutes ago WASHINGTON (AFP) - - US President-elect Barack Obama and Democrats in Congress hope to have an economic stimulus package as big as 850 billion dollars ready when the White House changes hands on January 20, putting the economy at the top of the agenda. The stimulus plan will be "the top priority in the first 100 days of the next Congress," which convenes in early January, House of Representatives Majority leader Steny Hoyer told a press conference last week. Still tanking despite a 700-billion-dollar Wall Street rescue plan signed last month by President George W. Bush, the US economy has been the foremost concern of Americans before and after the November 4 presidential election. "What we've seen, in terms of the evaluation of economists from across the political spectrum, is that we're going to have to be bold when it comes to our economic recovery package," Obama told reporters on Friday. Otherwise, he added, "you could see the economy continuing to decline at a pretty rapid clip.... That is not acceptable to me. I don't think it is acceptable to the American people." He refused to provide a dollar figure for the recovery package but said he would ignore the growing budget deficit until the economy is out of the hole and working again. Only then, he added, would he turn his attention to balancing the budget. According to US media, Obama's team is looking to craft a package worth between 675 and 775 billion dollars over two years, but it could build substantially to 850 billion as it moves through the legislative process. Some think it could reach one trillion dollars. He also will seek to create or save three million jobs over the next two years instead of the 2.5 million jobs he promised to create last month, newspapers reported on Sunday, citing unnamed Obama advisers. The adjustment of the goal followed economic forecasts that 2009 job losses could be double the total this year and could push the nation's unemployment rate past nine percent if nothing is done, the reports pointed out. "I think we need a big stimulus to get the economy back on track, or at least to mitigate the damages" of the ongoing recession, Brookings Institution think tank economist Alice Rivlin, a former budget manager for president Bill Clinton, told AFP. "This is going to be a very serious recession and I think, in the near term, the most we can hope for is to make it less bad," she said, adding that even with a big injection of government cash it will take time for the economy to heal. Once the stimulus package is launched, Congress plans to finish the 2009 budget, confirm the middle-class tax cuts Obama promised during his election campaign and tackle health care. Senators and representatives of the new Congress, however, will not deal with these issues before taking care of the economy. They hope to have a stimulus plan drawn up and ready when Obama is sworn in as president on January 20. But the staggering amount under consideration is likely to dampen their eagerness. "Fiscally conservative Democrats, and I am one, would be more likely to negotiate a smaller amount," said Rivlin. She would prefer the plan be broken down in two or even three parts, the first of which would promote job creation, for example, by boosting state coffers to help improve existing infrastructures such as roads and bridges. Creating new infrastructure, the economist said, would take longer. At the beginning of the year, Bush proposed a 168-billion-dollar tax incentive to boost the economy, which took some arm twisting to get through Congress. After the financial crisis broke in September, lawmakers called for a second stimulus plan to help the economy but faced stiff resistance in the White House before it was finally approved. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Enlarge Photo A Chrysler 300 in Miami, Florida. US President-elect Barack Obama and Democrats in Congress hope to have an economic stimulus package as big as $850bln ready when the White House changes hands on January 20, putting the economy at the top of the agenda. Related Photos Slideshow US elections 2008 Most Popular – Top Stories Viewed Global economy seen sinking into 'severe' 2009 recession: report Actress Jennifer Aniston appears naked in GQ magazine Oil prices mixed; New York contract expires below 34 dollars Let poor eat caviar: Milan authorities German Christmas cake theft sparks data scare View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

Other News on Sunday, 21 December 2008
Pakistan honours Bhutto with coin, one year after death
At least 20,000 more US troops in Afghanistan by mid-2009: Mullen
Afghanistan could get 30,000 new US troops
Wynn opens new casino resort in Las Vegas
Denmark's Peter Gade in surprise semi-final win
Edison Chen to be "resurrected" on Easter Day
Israel strikes Gaza day after truce expires
Mumbai hostage hotels prepare to reopen
Singer's death prompts new jail drug policy
You're invited to the Hiltons' Christmas party
Sales of adult toys rise even with economic crunch
Iranians celebrate longest night of the year
Up to 30,000 new U.S. troops in Afghanistan by summer | International |
Croatian PM wants EU present in talks with Slovenia
Hundreds of Greek protesters clash with police | International |
International web services improve after cable cut
Gaza militant killed in Israeli air strike
Merkel warns of tough economic year ahead in Germany
WITNESS
Obama signals break with Bush in new science team
Let poor eat caviar: Milan authorities
RugbyU: Four-try Stade back to winning ways
Lebanon's control of Syria border still tenuous | International |
Iraq parliament rejects draft law on non-US troops
Four to five hurt in Moscow market blast: news agencies
Two workers kidnapped at Russian firm in Nigeria
Australian frigate rescues injured French yachtsman | International |
Putin warns against any attempt to destabilize Russia
Palestinian leader Abbas visits Russia's Chechnya | International |
Mexico extradites record 85 suspects to US in 2008
Australian navy says injured French sailor in good spirits
Obama signals break with Bush in new science team
Berlusconi says working on Obama-Medvedev meeting
Chinese company promises 2.6 billion dollar iron deal to Liberia: minister
Obama names 4 top members of science team
Analysis: Pirates, poverty mark US Somalia failure
Chinese warships to join anti-pirate force
Inter-Korean trade declines for second month
Pakistan: Militants kill 3 in latest convoy attack
China to help Taiwan amid global crisis
Lifeline for Jaguar Land Rover may be imminent: report
"Mandatory Give Way to Buses" scheme takes effect at 26 bus stops
Thailand's new government endorsed by king
Stalin's favorite Russian ballerina dies at 92 | Entertainment |
Mumbai hotels to reopen 3 weeks after attacks
Warner Music pulls videos from YouTube | Entertainment |
Boom in music video games helps original artists
Goa year-end beach parties banned after Mumbai attacks: gov't
South Asia in 'eye of the storm of terror': Indian minister
MediaCorp spreads Xmas joy to Rainbow Centre—Yishun Park School students
ASEAN summit in late February may be rescheduled: report
Mumbai hotels to reopen 3 weeks after attacks
US military deaths in Iraq war at 4,210
Afghanistan could get 30,000 new US troops
Australia's former Guantanamo inmate Hicks a free man
Japan's emperor turns 75 with worries over royal future
Injured French yachtsman 'over the moon' at rescue: doctor
Sri Lanka launches air attacks as ground battles rage
Domestic abuse cases rise 15 percent in Malaysia: report
'I was lied to' says husband of kidnapped Bangladeshi doctor
1,000 evacuees from Malaysian landslide still not allowed home: report
Crisis taking the shine out of luxury
Australia aims to halve homelessness by 2020: PM
Indonesia stages massive anti-terrorism drill
Areva, Mitsubishi Heavy to tie-up in nuclear fuel: report
North Korean defectors arrested in Myanmar
Russian police seize protesters, reporters at anti-tariff demo
Up to 30,000 new U.S. troops in Afghanistan by summer | International |
New Year's hangover? Take two eels and call me in the morning
Britain marks 20th anniversary of Lockerbie bombing
New Thai cabinet sets to work amid complaints
Obama signals break with Bush in new science team
Obama signals break with Bush in new science team
Taiwan gets ready for Chinese pandas
FACTBOX-South Korea's faltering economic reforms
12 hospitalized from bad party drugs
S.Korea to cut jobs, sell assets of public firms
EU tops off aid to civilians displaced in southern Philippines
Tight security as Mumbai hotels prepare to reopen
Pakistan: Death toll at 11 in building collapse
India, China can't compensate for lost US spending
ASEAN summit in late February may be rescheduled: report
Lebanon caves vie to be an official wonder of nature
"Silent Night" for small Austrian village, 190 years later
Look out, Santa! Chocolate-wielding Germans target Xmas hero
Injured French yachtsman 'over the moon' at rescue: doctor
Report: 60 Sri Lankan soldiers killed in fighting
The end of India's love affair with facial hair
6 Chinese given jail time in fatal fireworks blast
Hungover? Take two eels and call me in the morning
Mumbai's Oberoi hotel reopens with prayers
Thailand's new government endorsed by king
AirAsia, Sime Darby to build new Malaysian budget airport: report
Another bomb found in jittery Philippine city
Growing demand for environmentally—friendly Christmas trees
Report: 60 Sri Lankan soldiers killed in fighting
Mumbai's Oberoi hotel reopens with prayers
Pakistan: Death toll at 11 in building collapse
Kabul welcomes extra US troops, Taliban vows cruel defeat
Prayers and flowers mark Mumbai hotel opening | International |
Israel weighs military offensive on Gaza
Hundreds of Greek protesters clash with police | International |
Stimulus package top priority for Obama and lawmakers
Olmert warns against rushing into Gaza over rockets | International |
Iraq forces stronger, but not standing alone yet | International |
Congo rebels row back from own ceasefire at talks | International |
Mauritania junta frees president | International |
Bangladesh ups security for ex-PM after threat
CDAC eases income eligibility criteria for its education programme
Obama signals major shift in US trade policy
Indonesia stages massive anti-terrorism drill
Singapore's Lam wins golf Volvo Masters of Asia
Madoff: the 'big lie' that got bigger and bigger
China urges help for redundant migrant workers
Japan drafts record budget to revive economy
Mumbai hostage hotels re-open
Head of Saudi morals police eases tone on cinema | Entertainment |
Czech bargain hunters raid foreign stores
Protest by suitcase workers sent packing in China
Police: Taliban kill 2 accused spies in Pakistan
Public transport fares among issues raised at MacPherson dialogue session
New Thai cabinet sets to work amid complaints
Underprivileged children go on sponsored shopping trip
Retailers say no significant drop in sales this year—end season
Part of Mumbai's Oberoi hotel reopens
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01