Biden: Stimulus plan shaping up
VP-elect Joe Biden says an outline for Obama’s stimulus plan is firming up. Bloomberg reports:
“We’re getting awful close,” Biden said in Washington today before meeting with some of President-elect Barack Obama’s top economic advisers. “We’re all on the same page.”
Biden said a deal is nearing on both on the kind of spending and the overall cost of the package. He wouldn’t confirm reports that the plan will cost $800 billion over two years, saying only that “it will be substantial.”
…
The goal of the plan is to create or save 3 million jobs, up from the 2.5 million Obama announced in November. Biden said Obama and his team increased the target because conditions are getting worse in the U.S. economy.
Insert standard disclaimer that there’s no way to know how much this’ll help Cat directly, but they way things are going, it can’t hurt.