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Tuesday, September 15, 2009
US - Obama Warns Must be Careful to Avoid Removing Stimulus Too Soon
President Barack Obama said recent data suggest the US economy is returning to growth and the administration must avoid removing stimulus programs prematurely. All the indicators would tend to suggest that they’re starting to see growth. The White House last week said it expects the US$787bn stimulus to add as many as 3%-pts to growth in July through September, and it credited the initiative with creating or saving as many as 1.1m jobs. Obama signed the fiscal spending package into law in February. (Bloomberg)