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Obama: Handling Economic Crisis High on the Agenda after He Takes Office
    2008-11-09 11:19:19     CRIENGLISH.com
The U.S.President-elect Barack Obama says that dealing with the global financial crisis will be high on his agenda after he takes office in January.

Obama says his country is facing the greatest economic challenge in a lifetime and the nation is "going to have to act swiftly to resolve it."

"I'm going to confront this economic crisis head-on by taking all necessary steps to ease the credit crisis, help hard-working families, and restore growth and prosperity."

Obama says Congress must pass an economic stimulus measure either before or just after he takes office. He also says unemployment benefits need to be extended.

But Obama will defer to President George W. Bush and his economic team on major decisions in the coming weeks.

"The United States has only one government and one president at a time, and until January 20th of next year, that government is the current administration. I've spoken to President Bush. I appreciate his commitment to ensuring that his economic policy team keeps us fully informed as developments unfold."

Obama made his remarks after he and Vice President-elect Joseph Biden met privately with economic experts to discuss ways to stabilize the troubled economy.
 
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