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The Chronicle Telegram in Elyria, Ohio

14 Jan 2009

Page 7

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Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Jan 14, 2009

Page

7

Obama urges Congress to release $350 billion bailout funds

President elect Barack Obama asked Democrats in Congress to approve an additional $350 billion in federal bailout funds and pledged to veto moves to block the package. He promised to revise parts of the program to curb overspending and tax-cut focused elements as the package could approach $1 trillion in size. Bernanke said the stimulus could boost the economy but warned a recovery requires disciplined disbursement. House Democrats draft $40 billion for helping hard pressed homeowners and other aid.

MENTIONED IN THIS ARTICLE

Washington Barack Obama Congress Obama House Senate Federal Reserve Ben Bernanke London Bernanke London School of Economics
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Obama warns of dire economy as swearing-in nears

President-elect Obama frames the economy as grim and worsening, warning of a prolonged recession and double-digit unemployment if actions are delayed. He seeks balance between realism and optimism, citing historical leaders while preparing plans to spur growth ahead of his January 20 inauguration.

MENTIONED IN THIS ARTICLE

Washington Oval Office Barack Obama Congress Obama Franklin D. Roosevelt Roosevelt FDR George W. Bush Bill Clinton Ronald Reagan United States Reagan Clinton Bush
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National Economic Council Lawrence Capitol Hill Arare Anne Klein Kenneth Cole Nine West Calvin Klein Marciano Joseph Abboud Marc New York Macy's Yan C'S ORIG Macy’s Chicago Area Rockford Merrillville Binghamton & Horseheads Toledo Allentown Harrisburg York York & Philadelphia Area) Sc, Tn, TX (Excluding el Paso Chesapeake Hampton Lynchburg Newport News Norfolk Richmond Roanoke Virgil Dillons Ny Hoouce Alge Maw Ayy Thace Magic of Macys Macys.com Vane
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