Originally published by the Voice of America (www.voanews.com).
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January 31, 2009

Obama: New Economic Strategy Coming Soon
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http://enews.voanews.com/t?ctl=21F7173:A6F02AD83191E160024C211814099EEEE55ED32ED25AB8F6&
 
US president says administration working on new approach to help revive
country's failing financial sector 
U.S. President Barack Obama began his weekly address Saturday saying he
has good news and bad news about the U.S. economic crisis. The
bad news, he says, is that Americans are facing "unprecedented economic
turmoil", noting a new report showing the economy shrank by nearly four
percent at the end of last year. He said the good news is his
administration is working on a new approach to help revive the
country's failing financial sector. The president did not reveal any
details of the plan, but he said Treasury Secretary Tim Geithner will
soon lay out a strategy to get credit flowing to businesses and
families. He also again urged the Senate to pass an economic
recovery package aimed at saving or creating three million jobs over
the next few years. The proposed $800 billion stimulus plan was approved
by the U.S. House of Representatives earlier this week.

Some information for this report was provided by AP.


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