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Obama to deliver speech on economy on Thursday

WASHINGTON
Wed Jan 7, 2009 12:05pm EST
President-elect Barack Obama listens to a question from the media following a meeting with members of his future cabinet and economic advisors at his transition office in Washington, January 6, 2009. REUTERS/Jason Reed

WASHINGTON (Reuters) - President-elect Barack Obama plans to speak on the economy on Thursday in what his aides are billing as a major address in which he will offer more details of his proposed economic stimulus plan.

Barack Obama

Obama, who takes office on January 20, plans to push for early passage of a two-year package of spending measures and tax cuts likely to total nearly $800 billion.

"He will make the case for urgent action on an American Recovery and Reinvestment plan that will save or create over 3 million jobs while investing in priorities like health care, energy and education that will jumpstart economic growth," the Obama transition team said in a statement.

The speech will be held at George Mason University in Fairfax, Virginia, at 11 a.m. EST.

(Reporting by Caren Bohan)
Barack Obama


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