January 12, 2009
Posted: 01:43 PM ET
From CNNMoney.com's David Goldman
The president-elect's plan to revive the economy is taking shape. Here's what we know so far.
NEW YORK (CNNMoney.com) — As lawmakers head into the second week of debate over President-elect Barack Obama's proposed economic stimulus plan, new details continue to shed light on what promises to be a sprawling and complex piece of legislation in American history. Though many details are still lacking, the aim of the American Recovery and Reinvestment Plan is clear: rejuvenate the economy and create jobs by spending hundreds of billions of dollars on infrastructure, state budget relief, safety nets for the needy and tax cuts. A recent analysis by Obama economic advisers Christina Romer and Jared Bernstein suggested that the proposed plan could save or create 3 million to 4 million jobs by the end of 2010. Filed under: President-elect Obama stimulus plan |
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