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Obama faces pressure for faster action - International Herald Tribune

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Viraj
on January 25, 2009 7:05 PM | | Comments (0) | TrackBacks (0)
The rapidly unraveling U.S. economy is piling pressure on President Barack Obama to try bolder recession-fighting tactics even before all his economic advisers have found their desks.

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The headlines in the first 72 hours of Obama's term included up to 5,000 job cuts at Microsoft, a gloomy economic outlook from General Electric and the steepest Inauguration Day stock market drop on record. His choice for Treasury secretary, Timothy Geithner, is still awaiting Senate confirmation after the embarrassing disclosure that he had failed to pay certain taxes.

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This page contains a single entry by Viraj published on January 25, 2009 7:05 PM.

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