Tuesday, September 15, 2009

Obama says new stimulus package unlikely


Obama says new stimulus package unlikely
15-09-2009

One year on from the collapse of the investment bank, Lehman Brothers, President Obama has suggested - in a television interview - that he's unlikely to introduce a second economic stimulus package.

The demise of Lehman Brothers signalled the start of what became a global credit crisis, and led to the US government having to prop up its banking system on an unprecedented scale.