 U.S. President-elect, Barack Obama. Photo: Reuters |
| Obama gives warning over recession |
| The U.S. President-elect, Barack
Obama, has warned that the U.S.
could sink into a crisis it
may not be able to reverse unless urgent action is taken
to deal with the economic
downturn. In his first
detailed speech on his
economic programme, Mr Obama
promised an estimated US$800-billion stimulus package for the country's infrastructure, as well as tax cuts for some 95 percent of working families. Mr Obama urged
Congress to act quickly. He said if urgent action isn't taken, unemployment... |
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