Monday, January 05, 2009

Obama Says the Economy is “Getting Worse”


President-elect Barack Obama describes the economy as "bad and getting worse."

He's been on Capitol Hill today, meeting with House and Senate leaders to talk about an economic stimulus plan.

Before meeting with Senate Majority Leader Harry Reid, Obama told reporters, "We have to act and act now," in order to break what he called the "momentum of this recession."

Obama earlier met with House Speaker Nancy Pelosi. He said he went to Capitol Hill ahead of his inauguration because "the people's business cannot wait."

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