Obama Promotes Fiscal Restraint, Big Spending

President-elect to lay out his budget belt-tightening vision and introduce Peter Orszag as his new director of the Office of Management and Budget. WASHINGTON — President-elect Barack Obama wants to project fiscal restraint even as his economic team assembles a massive recovery package that could cost several hundred billion dollars. A day after introducing the [...]

Obama Set to Unveil New Economic Team

President-elect to formally unveil his team of economic experts to battle the most severe U.S. financial crisis in eight decades WASHINGTON – President-elect Barack Obama names his economic team Monday and may call for the next Congress to quickly pass a massive stimulus plan that would dwarf even his campaign proposals to salvage the country’s financial [...]