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Obama Seeks to Create or Save 3 Million Jobs

HeadlineDec 22, 2008

Meanwhile, President-elect Barack Obama is expanding his economic stimulus plan. Advisers say the current version of the plan seeks to create or save three million jobs and will cost up to $800 billion. As part of the stimulus, Obama is expected to propose major new spending to subsidize states’ share of Medicaid and their children’s health programs and to expand healthcare coverage for those who lose insurance from their employers. Meanwhile, Vice President-elect Joe Biden will head a “White House Task Force on Working Families.” The Task Force will work on raising the living standards of middle-class, working families in America.

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