Published:Monday, January 5, 2009 11:55 AM PST
Serving the South Coast of Oregon

Obama begins work on economic package
Monday, January 5, 2009 11:55 AM PST

WASHINGTON (AP) — Barack Obama is heading to Capitol Hill to push for quick action on a broad economic stimulus package that congressional leaders are saying won’t be ready until mid-February at the earliest — almost a month later than he wanted.

Obama planned to meet today with House and Senate Democratic leaders and with a bipartisan group of key lawmakers. He had hoped to have Congress enact the recovery plan in time for him to sign when he takes office Jan. 20. But even his spokesman, Robert Gibbs, conceded Sunday night that was “very, very unlikely.”

“We don’t anticipate that Congress will have passed, both houses, an economic recovery agreement by the time the inauguration takes place,” Gibbs said.

House Majority Leader Steny Hoyer of Maryland said Sunday he wants the House to approve the plan by the end of the month, sending it to the Senate in time for action before Congress leaves on its mid-February break.

Obama has insisted bold and quick action is necessary if the nation is to rebound from the greatest economic crisis since the Great Depression. He has said repeatedly he wants a plan that will create 3 million new jobs.


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