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Obama pushes for massive stimulus package

US President Barack Obama has urged the Congress to pass the stimulus plan of USD 829 billion, to avoid a major crisis.

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US President Barack Obama has urged the Congress to passu00a0the stimulus plan of USD 829 billion, to avoid a major economic crisis.

Speakingu00a0in his first news conference after assuming office on January 20, the US President candidly spoke about the crisis confronting the US economy and promised radical changes in dealing with energy, education and health care sectors to create immediate jobs and stop the downward spiral.

The stimulus plan, Obama says would save or create as many asu00a0four million jobs in next two years. "You didn't send us to Washington because you were hoping for more of the same.

You sent us there with a mandate for change, and the expectation that we would act quickly and boldly to carry it out -- and that is exactly what I intend to do as President of the United States," he said.

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