Obama: Economy faces catastrophe without stimulus | Shanghai Daily

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Obama: Economy faces catastrophe without stimulus

US President Barack Obama pressed Congress yesterday to pass a massive fiscal stimulus package, saying the economy would face "catastrophe" without it.

"If we do not move swiftly to sign the American Recovery and Reinvestment Act into law, an economy that is already in crisis will be faced with catastrophe," Obama said during a meeting with House of Representatives Democrats attending a retreat in Williamsburg, Virginia.



 

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