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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".
He described the economic situation as "an urgent and growing crisis", which would become "a catastrophe" if the Senate failed to act. 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.