|
January 5th, 2009
Posted: 09:33 AM ET
By Jeanne Sahadi The speech will follow expected meetings with key lawmakers this week in an Obama-led effort to push for a massive package of tax cuts and spending proposals aimed at reviving an economy mired in recession. The president-elect is expected to meet with top legislators from both parties on Monday, including House Speaker Nancy Pelosi, D-California, and Senate Majority Leader Harry Reid, D-Nevada, as well as Senate Minority Leader Mitch McConnell, R-Kentucky, and House Minority Leader John Boehner, R-Ohio. The plan will include about $300 billion in tax cuts for individuals and businesses, an aide to the transition told CNN. Obama has not publicly put a price tag on his overall stimulus plan, though his advisers have said they expect it to fall between $675 billion and $775 billion, 40 percent of which would be in tax cuts. |
 
Editor's note
The CNN Wire is a running log of the latest news from CNN World Headquarters, reported by CNN's correspondents and producers, and The CNN Wire editors. "Posted" times are Eastern Time.  New on the CNN Wire
 |
|
CNN Comment Policy: CNN encourages you to add a comment to this discussion. You may not post any unlawful, threatening, defamatory, obscene, pornographic or other material that would violate the law. All comments should be relevant to the topic and remain respectful of other authors and commenters. You are solely responsible for your own comments, the consequences of posting those comments, and the consequences of any reliance by you on the comments of others. By submitting your comment, you hereby give CNN the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying and other information you provide via all forms of media now known or hereafter devised, worldwide, in perpetuity. CNN Privacy Statement.
|
|
