Obama pitches new stimulus plan

U.S. president urges immediate action on economy

In a speech before the joint session of Congress on Thursday, U.S. president Barack Obama proposed a $450 billion stimulus package aimed at creating jobs and jumpstarting America’s moribund economy. The proposal mixes tax cuts with new spending on so-called “shovel-ready” projects. Obama delivered the speech with a newly combative tone, urging Congress to pass the bill immediately.

The Globe and Mail