Obama team polishing economic stimulus measure

January 3, 2009 03:07

President-elect Barack Obama's transition team is putting the finishing touches on an economic recovery plan that could run from $675 billion to $775 billion, officials said on Friday. Briefings for top congressional Democratic officials are likely this weekend or on Monday, a senior transition official said Friday. Congressional aides briefed on the measure said it's likely to blend tax cuts of $500 to $1,000 for middle-class individuals and couples with about $200 billion to help revenue-starved states with their Medicaid programs and other operating costs.

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