Login
ISCOVER
The United States will benefit from the biggest public-works spending package in half a century next year as the incoming administration pledges aggressive action to get the country back on track.
President-elect Barack Obama said he will offer the American people a stimulus plan “equal to the task” , creating at least 2.5 million jobs, rebuilding infrastructure, improving schools and reducing the country’s reliance on oil.
To continue reading the rest of this article, please log in.
Looking for more benefits? Become a Premium Member.
Create free account to get unlimited news articles and more!
Looking for more benefits? Become a Premium Member.
American stocks rallied on the news, sending the Dow Jones to a one-month high of 8,934 with other markets around the world following suit.
“We need to act with the urgency this moment demands to save or create at least two and a half million jobs so that the nearly two million Americans who’ve lost them know that they have a future. And that’s exactly what I intend to do as President of the United States,” Mr Obama said.
