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Obama Warns of Prolonged Crisis Without Stimulus Plan

Obama Warns of Prolonged Crisis Without Stimulus Plan

President-elect Barack Obama warned that the U.S. risks sinking deeper into an economic crisis without an infusion of government spending and a cut in tax rates and urged Congress to act quickly on a stimulus package of about $775 billion. Bloomberg's Bill Small reports. (Source: Bloomberg)

Bloomberg | January 8, 2009Watch more videos from Bloomberg

Tags:. .prolonged. .infusion. .stimulus. .deeper. .presidentelect

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