Obama pushes for stimulus package

By
February 6, 2009 18:26

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

US President Barack Obama pushed for Senate approval of his gigantic stimulus plan on Friday as a grim unemployment report revealed the depths of the US economic tailspin. The nearly $1 trillion package is Obama's top legislative priority in his early presidency, its urgency highlighted by Friday's report. The package's passage would be a huge relief for the president, who has struggled to win the backing he sought from opposition Republicans. The Labor Department reported that employers slashed payrolls by 598,000 in January, the most since the end of 1974, catapulting the unemployment rate to 7.6 percent. The rate is the highest since September 1992. "These numbers, and the very real suffering of American workers they represent, reinforce the need for bold fiscal action," the White House said in a statement. Democratic and Republican moderates in the Senate were working to scale down the stimulus package in hopes of winning enough votes for passage later Friday. Its passage would cap cap a difficult week in which Obama saw some of his key appointments delayed or derailed because of tax problems.

Related Content

Police officers stand at a cordon after a car crashed outside the Houses of Parliament in Westminste
August 15, 2018
Man arrested after suspected UK parliament attack

By REUTERS