Economist: $825B plan may avert 'depression'
Up to 10 million homes at risk of foreclosure through 2012, say analysts
By Matt Carter, Wednesday, January 28, 2009.
The House of Representatives is expected to vote today on an $825 billion stimulus bill that could save millions of jobs and prevent foreclosures, but which might also make the recession worse if the government's growing debt sends interest rates up and the dollar plummeting.
President Obama urged fast passage of the bill, saying new statistics being released every day "underscore the urgency of the economic situation."
more...
Premium Member account.
Premium Members have full access to all news archives.
Buy Now Purchase 1-year Premium Membership - $149.95
OR
Buy Now Purchase Monthly Premium Membership - $19.95
All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.
Bookmarking Sites
