KKTV - Economy - Headlines

New Stimulus Plan Unlikely Before Inauguration

By: Associated Press
By: Associated Press

WASHINGTON (AP) -- Don't expect Congress to have an economic recovery plan ready for Barack Obama when he takes office on Jan. 20.

That's the word from House's No. 2 Democrat, Majority Leader Steny Hoyer of Maryland.

Hoyer says it would be tough to get a massive spending plan together that early. Hoyer says it is more likely that the House will finish its part by the end of January. He hopes that something will be available for Obama to sign by mid-February.

Obama will meet with House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid on the stimulus package on Monday.

Hoyer spoke on "Fox News Sunday."

(Copyright 2009 by The Associated Press. All Rights Reserved.)


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