WASHINGTON (AP) - After listening to his dire warnings,
Democratic and Republican lawmakers remain skeptical of
President-elect Barack Obama's plan to revitalize a weakened
Obama is urging Congress to "act boldly and act now," saying
that if the government doesn't step in "this recession could
linger for years."
Leading lawmakers have set an informal goal of mid-February for
enacting tax cuts and government spending that could cost as much
as $1 trillion.
But they are letting the president-elect know they plan to put
their own fingerprint on the economic recovery effort.
Some Democrats argue the proposed tax cuts are too small to get
consumers drowning in debt out shopping. Republicans are fearful of
a deficit that soars beyond $1 trillion.