SubscribeAll Posts Tagged With: "economic plan"
Obama Urges Congress to Jump-Start U.S. Economy with Tarp Funds
President-elect Barack Obama yesterday (Monday) asked Congress to release the remaining $350 billion in bank bailout money that’s part of the $700 billion Troubled Asset Relief Program (TARP).
In a letter addressed to the leadership of both the U.S. Senate and the House of Representatives, top Obama economic aide Lawrence H. “Larry” Summers highlighted five key reasons the incoming president is seeking use of what remains of the U.S. Treasury Department’s $700 billion TARP.
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Summers, the director-designate of the National Economic Council,…
13Jan2009 | Money Morning | 0 comments | Continued2009 Inauguration: Obama’s Stimulus Package To Take Center Stage
The following in an article from Money Morning which focuses on Barack Obama’s plan to lift the U.S. out of recession in the midst of continual debate as to the appropriate approach and proper allocation of federal monies in solving our economic problems. Don’t forget to post a response at the bottom of this article!
President-elect Barack Obama said Saturday that an analysis of his stimulus proposal found that the capital infusion could save or create as many as 4 million U.S. jobs by 2010, nearly 90% of them in the private sector. Obama previously estimated that his estimated $800 billion…
12Jan2009 | Money Morning | 0 comments | Continued
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