FoxNews
Obama meets with United Auto Workers
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,people familiar with the team’s thinking tell The Wall Street Journal.
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 Obama takes office Jan. 20.
With the unemployment rate now expected to hit 9 percent 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.