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Obama denounces stimulus hold-up | Obama denounces stimulus hold-up |
(10 minutes later) | |
US President Barack Obama has said the Senate's delay in passing his $900bn (£616bn) economic stimulus package is "inexcusable and irresponsible". | US President Barack Obama has said the Senate's delay in passing his $900bn (£616bn) economic stimulus package is "inexcusable and irresponsible". |
The economic situation would become "a catastrophe" if the Senate failed to act promptly, he added in remarks prepared for delivery. | |
The bill includes measures to cut taxes and invest in job creation. | The bill includes measures to cut taxes and invest in job creation. |
Moderate Democrat and Republican senators have argued that the plan should be trimmed by up to $90bn. | Moderate Democrat and Republican senators have argued that the plan should be trimmed by up to $90bn. |