Washington - US president-elect Barack Obama warned Thursday that the recession in the United States could grow "dramatically worse" and last for years unless "bold" policies are enacted to reverse the trend.
Unemployment could rise into double digits and the US economy could lose 1 trillion dollars of its capacity as the country copes with the poorest economic conditions since the Great Depression of the 1930s, Obama said.
Washington - US president-elect Barack Obama warned Thursday that the recession in the United States could grow "dramatically worse" and last for years unless "bold" policies are enacted to reverse the trend.
Unemployment could rise into double digits and the US economy could lose 1 trillion dollars of its capacity as the country copes with the poorest economic conditions since the Great Depression of the 1930s, Obama said.
Washington - US president-elect Barack Obama is expected to call for drastic measures to revive the ailing US economy on Thursday, even if that means tipping the US deficit over 1 trillion dollars.
In prepared comments for a speech scheduled for 1600 GMT, Obama said the economic situation could deteriorate further and a recession last for years without government intervention. He said unemployment threatens to reach 10 per cent.
Washington - US president-elect Barack Obama is expected to call for drastic measures to revive the ailing US economy on Thursday, even if that means tipping the US deficit over 1 billion dollars.
In prepared comments for a speech scheduled for 1600 GMT, Obama said the economic situation could deteriorate further and a recession last for years without government intervention. He said unemployment threatens to reach 10 per cent.
Washington, January 8 : A roundup of celebrities expected to welcome US President-elect Barack Obama to the White House later this month has been compiled by a leading American political journalism organisation.
According to the Politico, the 10 official Inaugural balls may see Jessica Alba, Maroon 5, Samantha Ronson, Russell Simmons, T. I. LL Cool J, Oprah, Sting, Elvis Costello, Il Divo, Rihanna, John Cusack, Tim Robbins, Brendan Fraser, Herbie Hancock, Bradley Cooper and Susan Sarandon.
New York, Jan 8 : US President-elect Barack Obama has yet to step into office, but his wife Michelle Obama has already been seen as the promoter of high fashion in America by fashion experts.
The would-be First Lady made a big impact with the clothes she wore throughout the campaign, leaving behind a message that clothes not only make a person stand out but also show a his/her temperament.
Washington - US president-elect Barack Obama warned Thursday that the recession in the United States could grow "dramatically worse" and last for years unless "bold" policies are enacted to reverse the trend.
Washington - US president-elect Barack Obama warned Thursday that the recession in the United States could grow "dramatically worse" and last for years unless "bold" policies are enacted to reverse the trend.
Washington - US president-elect Barack Obama is expected to call for drastic measures to revive the ailing US economy on Thursday, even if that means tipping the US deficit over 1 trillion dollars.
Washington - US president-elect Barack Obama is expected to call for drastic measures to revive the ailing US economy on Thursday, even if that means tipping the US deficit over 1 billion dollars.
Washington, January 8 : A roundup of celebrities expected to welcome US President-elect Barack Obama to the White House later this month has been compiled by a leading American political journalism organisation.
New York, Jan 8 : US President-elect Barack Obama has yet to step into office, but his wife Michelle Obama has already been seen as the promoter of high fashion in America by fashion experts.
