Barack Obama and Speaker of the House of Representatives Nancy Pelosi will meet to discuss a stimulus bill aimed at kick-starting the ailing economy. Obama and Pelosi will meet Monday to discuss the timing and scope of the legislation, intended to spur job growth and likely to include big infrastructure investments and tax cuts, the Washington Post reported Thursday.
Obama transition officials declined to comment.
Pelosi, a California Democrat, has said she wants a bill ready for Obama to sign when he takes office on January 20. That timing is now seen as overly optimistic, the Post said.
Lawmakers expect the spending bill to cost between USD 675b and USD 775b, the story said.
The Post cited Obama aides as saying the president-elect will aim to persuade Americans that a nearly USD 1tr government investment is crucial to create jobs, and help repair shattered state coffers. |