Obama denounces stimulus plan hold-up
07-02-2009
President Barack Obama says the US Senate's delay in passing his economic stimulus package is "inexcusable and irresponsible". He described the economic situation as "an urgent and growing crisis", which could become "a catastrophe" if the Senate failed to act. The bill includes measures to cut taxes and invest in job creation. Moderate Democrat and Republican senators have argued that the plan should be trimmed by up to $90 billion. Mr Obama described as "devastating" the news that nearly 600,000 Americans lost their jobs in January. It's the 13th month in a row that jobs have been lost.
