Obama Urges Acting Quickly On Economic Plan

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President-elect Barack Obama tried to win public support Thursday for a massive economic recovery plan, warning that the U.S. could be in a recession for years if Congress doesn't act quickly.

Obama said his proposal — which includes tax cuts for individuals and some businesses — would create or save about 3 million jobs. It's expected to cost as much as $775 billion over two years, although the ultimate price tag is not known.



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