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Obama Chides Republicans, Demands Speed on Stimulus

Reuters [1]
Sunday, Feb 7, 2009

President Barack Obama pounded Republicans Saturday for policies that fueled the U.S. economic crisis, while welcoming a Senate deal on his stimulus bill that ideologically split lawmakers hope to finish by mid-month.

Obama said quick action on the package was imperative to avoid catastrophe and praised the group of moderate senators from both political parties for coming up with a compromise.

Senate Democrats agreed late Friday to trim spending proposals and support tax cuts in a roughly $800 billion bill.



They rolled back an earlier $937 billion proposal by culling what critics, mostly Republicans, called billions of dollars in unwarranted spending.

Nancy Pelosi, speaker of the House, predicted there would be a finished product by Feb. 16. A Senate vote is scheduled for Tuesday, one day after Obama gives his first full news conference as president.

Full article here [1]