Friday, 6 February 2009

Obama Denounces Stimulus Hold-up

US President Barack Obama has said the Senate's delay in passing his $900bn (£616bn) economic stimulus package is "inexcusable and irresponsible".

He described the economic situation as "an urgent and growing crisis", which could become "a catastrophe" if the Senate failed to act.

The bill includes measures to cut taxes and invest in job creation.

Moderate Democrat and Republican senators have argued that the plan should be trimmed by up to $90bn.

'Echo chamber'

Mr Obama described as "devastating" the news that nearly 600,000 Americans lost their jobs in January.

"The situation could not be more serious. These numbers demand action," he said. >>> | Friday, February 6, 2009

Watch BBC video: Barack Obama: 'The situation could not be more serious' >>>

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