Obama hails stimulus, says more to do

WASHINGTON (AP) - President Barack Obama is hailing the economic recovery package while warning much more work is required to fix the ailing economy.

Speaking in the East Room, Obama said congressional passage of the $790 billion bill is critical but only the beginning of what needs to be done to turn the economy around.

He spoke as Congress was poised for a final vote on the legislation.

Obama said other needed actions include implementing the new plan for a $700 billion financial industry bailout program, announcing an effort to stem home foreclosures and reforming the regulation that governs the nation's financial sector.

Obama plans to announce a housing program, perhaps as soon as next week.


Comments are posted from viewers like you and do not always reflect the views of this station.
powered by Disqus
KOLO-TV 4850 Ampere Drive Reno, NV 89502
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 39563602 - kolotv.com/a?a=39563602