AGL 38.30 Increased By ▲ 0.08 (0.21%)
AIRLINK 132.38 Increased By ▲ 3.41 (2.64%)
BOP 8.64 Increased By ▲ 0.79 (10.06%)
CNERGY 4.73 Increased By ▲ 0.07 (1.5%)
DCL 8.50 Increased By ▲ 0.18 (2.16%)
DFML 38.69 Decreased By ▼ -0.25 (-0.64%)
DGKC 84.30 Increased By ▲ 2.36 (2.88%)
FCCL 34.51 Increased By ▲ 1.09 (3.26%)
FFBL 76.55 Increased By ▲ 0.84 (1.11%)
FFL 12.76 Decreased By ▼ -0.06 (-0.47%)
HUBC 110.50 Increased By ▲ 0.14 (0.13%)
HUMNL 14.26 Increased By ▲ 0.25 (1.78%)
KEL 5.35 Increased By ▲ 0.20 (3.88%)
KOSM 7.74 Increased By ▲ 0.07 (0.91%)
MLCF 40.62 Increased By ▲ 0.82 (2.06%)
NBP 70.00 Decreased By ▼ -2.32 (-3.21%)
OGDC 190.65 Increased By ▲ 2.36 (1.25%)
PAEL 26.03 Increased By ▲ 0.40 (1.56%)
PIBTL 7.47 Increased By ▲ 0.10 (1.36%)
PPL 156.24 Increased By ▲ 3.57 (2.34%)
PRL 25.81 Increased By ▲ 0.42 (1.65%)
PTC 19.05 Increased By ▲ 1.35 (7.63%)
SEARL 82.60 Increased By ▲ 0.18 (0.22%)
TELE 7.80 Increased By ▲ 0.21 (2.77%)
TOMCL 32.83 Increased By ▲ 0.26 (0.8%)
TPLP 8.39 Decreased By ▼ -0.03 (-0.36%)
TREET 17.22 Increased By ▲ 0.44 (2.62%)
TRG 56.30 Increased By ▲ 0.26 (0.46%)
UNITY 28.88 Increased By ▲ 0.10 (0.35%)
WTL 1.35 No Change ▼ 0.00 (0%)
BR100 10,697 Increased By 38.8 (0.36%)
BR30 31,752 Increased By 420.7 (1.34%)
KSE100 99,627 Increased By 358 (0.36%)
KSE30 31,040 Increased By 7.4 (0.02%)

The economic crisis will not stop President-elect Barack Obama from expanding health care, overhauling education and energy policy, and passing a middle-class tax cut soon after he takes office in January, senior aides said on Sunday.
Meanwhile the US Congress should act to ease the pain of an economy sliding into recession by extending unemployment benefits and boosting aid to states struggling to meet their health-care obligations, they said.
Obama's transitional team has outlined an ambitious agenda for the next several months as it scrambles to assemble an administration in the face of what is widely viewed as the worst economic slump since the Great Depression.
The economic crisis will not prevent Obama from pursuing the priorities he outlined on the campaign trail, said John Podesta, co-chair of Obama's transition team.
These include extending heath care to the nation's 47 million uninsured, reducing US reliance on foreign oil, and improving public education, Podesta said.
"These are all core, if you will, economic questions and they need to be tackled together, and I think you'll have a program, and a strategy to move aggressively across all those fronts," Podesta said on CNN's "Late Edition."
Congress is expected to return in a temporary session as soon as next week to take up a stimulus package defeated by Senate Republicans in September.
That package should not be tied to a free-trade deal with Colombia as some Republicans have suggested, said Illinois Rep. Rahm Emanuel, who will become Obama's chief of staff when he takes office on January 20.
"You don't link those essential needs to some other trade deal," Emanuel said on ABC's "This Week."
STRONGER DEMOCRATIC MAJORITY:
Senate Democratic leader Harry Reid cautioned, however, that he would have a hard time passing any economic stimulus bill before January, when the new Congress reflects recent election gains in a wider Democratic majority.
"I'm senior enough and experienced enough to know you can't do something with nothing. I need votes," Reid told CNN's "Late Edition." "There is no reason for me on the floor to have a vote that I know I am going to lose."
Emanuel said Obama aims to push another stimulus package in January - this one containing a tax cut for the middle class and job-creating construction projects. He declined to say whether Obama would still pursue a tax increase for the wealthiest Americans.
Obama's stimulus proposals have been estimated to cost around $190 billion. He is likely also to move quickly to reverse certain executive orders by President George W. Bush's outgoing administration. These include orders on stem cell research and oil and gas drilling in some areas, Podesta told Fox News Sunday. "I think across the board, on stem cell research, on a number of areas, you see the Bush administration even today moving aggressively to do things that I think are probably not in the interest of the country," Podesta said.

Copyright Reuters, 2008

Comments

Comments are closed.