On Capitol Hill, Obama’s new economic measures confront reality

Posted on September 6, 2010

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Top Democratic and Republican leadership aides on Capitol Hill say President Barack Obama’s two new economic proposals have virtually no chance of passing Congress before the midterm elections, even before he has formally announced them.

Obama is expected to unveil a plan Monday in Milwaukee, Wisconsin, to push at least $50 billion into infrastructure spending. In Cleveland, Ohio, on Wednesday, he will tout the increase and extension of a business tax credit for research and development.

via On Capitol Hill, Obama’s new economic measures confront reality.

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