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Posts Tagged ‘free up credit’

Obama looks to unfreeze credit for businesses and families

RAW STORY
Published: Saturday January 31, 2009

WASHINGTON (AFP) – US President Barack Obama said Saturday his administration soon will announce measures to free up credit for businesses and homeowners as he seeks to jolt the world’s biggest economy back to life.

“Soon my Treasury Secretary, Tim Geithner, will announce a new strategy for reviving our financial system that gets credit flowing to businesses and families,” Obama said in his weekly radio and Internet address.

The US president, focusing on the troubled economy as his highest priority after taking office on January 20, offered no details for the plan and did not indicate when it would be unveiled.

Obama also called on the Senate to quickly approve his stimulus plan, which aims to create jobs and tackle the “unprecedented economic turmoil,” after the House of Representatives this week approved an 819-billion-dollar (640-billion-euro) version of the measure.

MORE HERE

The following video was published by WhiteHouse.gov on Jan. 31.

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