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January 5, 2009 Monday
Updated
Crunch time for Obama

WASHINGTON - US PRESIDENT-ELECT Barack Obama and his Democratic allies scrambled on Sunday to craft a massive economic stimulus package he hopes to sign into law soon after taking office on Jan 20 - provided he can placate resistant Senate Republicans.

Mr Obama and Vice-President-elect Joe Biden will meet Democratic and Republican congressional leaders on Monday in hopes of winning swift passage for an emergency measure to stem a deepening US recession.

 
No 2nd bank bailout: Brown

LONDON - THE British government is talking to banks about stepping up loans to credit-starved companies but a second bailout of banks is not on the cards at present, Prime Minister Gordon Brown said on Sunday.

'I don't think that's the first thing that anybody would think about at the moment,' Mr Brown said in a BBC television interview, when asked if the government planned a second recapitalisation of the banks.

   

stories

1 Man falls to his death
2 Studying at airport 'unique'
3 Naked photo triggers outrage
4 S'pore's top hawker centre
5 Fatal fall caught on TV
6 Pregnant women sacked
7 PM Lee treated to a 'day of joy'
8 'I love you': Stabbed teen
9 The penthouse squeeze
10 3% growth in 2010: MM

commented

1 Kampung boy bitten by unprovoked dog
2 Real violence: Its effect on children a worry
3 Means testing of hospital patients starts today
4 No direct link to fuel prices
5 Nuclear power the best alternative for Singapore
6 Cats in HDB flats: Don't punish responsible pet owners
7 No lifts make life hell for aged mother
8 Honest mistake: Bank should not penalise customer
9 Stub it out, please
10 Ex-Cortina employee's help sought

emailed

1 Girl, 11, gives birth at wedding
2 Scholars with poor attitude
3 3 years jail for sex with horse
4 Dead hours after wedding
5 Online churches growing
6 S'pore top choice of migrants
7 ST News now on iPhone
8 Sembawang Music to close
9 Beware the 'sweat debt'
10 Roche plant to create 100 jobs

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