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Obama to unveil new US economic plan

08-18-2011 09:02 BJT

US President Barack Obama, says he'll propose a plan, in September, to jump-start the US economy. The announcement comes as he struggles to convince skeptical voters, that he does have, something new to offer.

A senior US official, says Obama's plan is likely to contain a mix of tax cuts, new construction projects and measures to help the long-term unemployed. On a related front, Obama will also present a specific plan to cut the staggering national debt, and pay for the cost, of his new, short-term economic ideas.

It will challenge the new "supercommittee" of Congress, to go beyond its goal of finding 1.5 trillion dollars in deficit reduction. Obama's, major economic speech, will come right after the September 5th Labor Day holiday.

Editor:Zhang Jingya |Source: CNTV.CN

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