Source: CCTV.com

02-01-2009 11:38

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US President Barack Obama says his administration will soon begin outlining a new strategy for spending billions of dollar, aimed at pulling the nation out of an economic crisis he described as "devastating."

US President Barack Obama says his administration will soon begin outlining a new strategy for spending billions of dollar.
US President Barack Obama says his administration will soon 
begin outlining a new strategy for spending billions of dollar.

President Obama and his top advisers are weighing how to structure 350 billion dollars meant to save financial institutions and lenders from collapse. The money is the second half of a rescue package approved by Congress last year.