Obama wants $825B plan in play before Congress' recess

01/16/2009 | Financial Times (free content)

U.S. Speaker of the House Nancy Pelosi called the introduction of the proposed $825 billion economic stimulus the "first step" in a process would take at least a few weeks to become law. President-elect Barack Obama wants the legislation enacted before lawmakers recess in mid-February. Although the bill is $50 billion more than the limit set by Obama's transition team, economists expect the package to increase before it becomes law.

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