Friday, December 5, 2008

$1 trillion rescue: Not so far-fetched - CNN

President-elect Barack Obama hasn't put a dollar figure yet on his promise to create an economic recovery package that he says will generate or save 2.5 million jobs over two years.

His reluctance may be with good reason: Obama is six weeks from taking office, and the potential cost of helping the economy could rise.

On Friday, the government reported that 533,000 jobs were lost in November, far more than economists had forecast. On Thursday alone, companies across a variety of industries announced nearly 30,000 layoffs.


How much will Obama's proposed economic recovery plan cost?

How much will Obama's proposed economic recovery plan cost?

It's not clear yet how bad things will be by the time Obama takes office in January.

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