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Obama says economy will get worse before it gets better
AFP - US president-elect Barack Obama sought to cool down expectations from his incoming administration Saturday, saying the most serious crisis since the Great Depression gripping the United States will probably get worse before the economy starts to improve.
Staggering US job losses to speed economic rescue efforts
AFP - Another month of staggering job losses at the end of the worst year for employment since 1945 heightens the urgency for a massive stimulus effort to jolt the US economy out of recession, analysts say.
Obama touts stimulus plan
AFP - Barack Obama said Saturday his economic stimulus plan will 'save or create three to four million jobs' as the president-elect sought to stem criticism of the 775-billion-dollar package designed to revive the ailing US economy.
Obama campaign pledges postponed, calls for sacrifice: report
AFP - Incoming US president Barack Obama will ask all Americans for sacrifice to fix the troubled economy, and will have to scale back promises he made during his campaign, according to an ABC interview to be aired Sunday.
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