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Barack Obama Economy Plan Aid Will Have to Wait Until Next Month

Written By: admin on January 5, 2009 No Comment

Sunday, January 4, 2009. President-elect Barack Obama probably will have to wait until next month before getting the chance to sign an economic aid bill his team once hoped would be on his desk by his swearing-in Jan. 20, said Congressional Democrats.

“It’s going to be very hard to get the package place together that early,” House Majority Leader Steny Hoyer of Maryland said. “But we certainly want to see this package passed through the House of Representatives no later than the end of this month, get it over to the Senate, and have it to the president before we break” in mid-February.

Obama plotted to meet with Senate Majority Leader Harry Reid, D-Nev., and House Speaker Nancy Pelosi, D-Calif., on Monday to talk about enacting a massive spending plot. The president-elect also scheduled a separate meeting with the entire Democratic and Republican leadership teams.

Reid said they will do their “very very best” to get a package finished as soon as possible, but he was unwilling to set an artificial deadline for completion.

“We’re going to get it done as quickly as we can,” Reid said.

Added Hoyer: “We’re going to go as quickly as possible, given our responsibilities to make sure that we’re passing a package that will work.”

Obama said Congress should pass a plot designed to make 3 million jobs. The Democratic president-elect hasn’t announced a final price for it, but aides said the cost could be as high as $775 billion.