Obama says stimulus pricetag "at high end"
WASHINGTON (Reuters) - U.S. President-elect Barack Obama said Wednesday he was still talking to congressional leaders about his economic stimulus package and that the final pricetag would likely be at the high end of estimates.
"We expect that it will be on the high end of our estimates but will not be as high as some economists have recommended because of the constraints and concerns we have about the existing deficit," Obama told a news conference.
Obama economic advisers have put a pricetag of around $775 billion (508.4 billion pounds) on the package, but some economists have said it should be as much as $1 trillion to be effective.
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