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| Obama says stimulus deal on track | |
| (about 2 hours later) | |
| President Barack Obama has said that Congress is on target to approve his planned $825bn (£608bn) economic stimulus package by 16 February. | |
| His comments came after he meet with Democrat and Republican leaders. | |
| While the legislation is expected to face a relatively easy passage - due to the Democrats' majority in both houses - Mr Obama wants bipartisan support. | While the legislation is expected to face a relatively easy passage - due to the Democrats' majority in both houses - Mr Obama wants bipartisan support. |
| Various parts of the $825bn (£608bn) package have already been passed by House of Representatives committees. | Various parts of the $825bn (£608bn) package have already been passed by House of Representatives committees. |
| President Obama said the US was facing an "unprecedented economic crisis" that had to be dealt with quickly. | |
| 'Working hard' | 'Working hard' |
| "Yes we wrote the bill, yes we won the election," said Democrats leader and House Speak Nancy Pelosi. | "Yes we wrote the bill, yes we won the election," said Democrats leader and House Speak Nancy Pelosi. |
| "But that doesn't mean we don't want it to have sustainability and bipartisan support, and the president is working hard to get that done." | "But that doesn't mean we don't want it to have sustainability and bipartisan support, and the president is working hard to get that done." |
| Despite Ms Pelosi's comments, some Republicans have accused the Democrats of "barrelling ahead without any bipartisan support". | Despite Ms Pelosi's comments, some Republicans have accused the Democrats of "barrelling ahead without any bipartisan support". |
| The bill is currently being scrutinised by Congressional committees. | The bill is currently being scrutinised by Congressional committees. |
| On Thursday, the ways and means committee approved the $275bn in planned tax cuts, with the 24 Democrats on the committee voting for the proposal, while the 13 Republicans voted against. | On Thursday, the ways and means committee approved the $275bn in planned tax cuts, with the 24 Democrats on the committee voting for the proposal, while the 13 Republicans voted against. |
| Another part of the bill, the call for spending $2.8bn on increased broadband services has passed through the energy and commerce committee. | Another part of the bill, the call for spending $2.8bn on increased broadband services has passed through the energy and commerce committee. |