WASHINGTON Dec 1 A senior adviser to U.S.
President-elect Barack Obama said on Monday the news that the
United States has been in a recession for a year underscored
the need for an economic stimulus package.
Lawrence Summers, tapped by Obama to become director of the
White House National Economic Council, said the slump may be
"While the economy has already lost 1.2 million jobs this
year, recent economic evidence suggests that the pace of this
downturn is accelerating. That is why President-elect Obama has
set as his top priority passing an economic recovery plan,"
Summers said in a statement.
(Reporting by Caren Bohan)