07 Sep '11, 2am

US President Obama to propose $362.5 billion plan to help cut unemployment in America

President Barack Obama is expected to propose US$300 billion (S$362.5 billion) in federal spending and tax cuts on Thursday night to get Americans working again. Republicans offered on Tuesday to compromise with him on jobs - but also assailed his plans in advance of his prime-time speech. --PHOTO: REUTERS WASHINGTON (AP) - President Barack Obama is expected to propose US$300 billion (S$362.5 billion) in federal spending and tax cuts on Thursday night to get Americans working again. Republicans offered on Tuesday to compromise with him on jobs - but also assailed his plans in advance of his prime-time speech. Lawmakers began returning to the Capitol to tackle legislation on jobs and federal deficits in an unforgiving political season spiced by the 2012 presidential campaign. Adding to the mix: A bipartisan congressional committee is slated to hold its first public meeting ...

Full article: http://www.straitstimes.com/BreakingNews/World/Story/STIS...

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