Barack Obama has revealed the details of $60bn economic plan at a campaign stop in Toledo, Ohio. The announcement focused on job creation and federal funding for infrastructure projects.

The Guardian reports that Obama “proposed embarking on programmes to repair bridges, roads, schools and other infrastructure projects that have been on hold for decades.

“To provide immediate relief for struggling families, he suggested allowing people to dip into their retirement plans and imposing a three-month moratorium on mortgage foreclosures.

“Obama said his plan should be implemented immediately and would not have to wait until a new president takes over on January 20.”

Read the full story here.

Peter Fray

Save 50% on a year of Crikey and The Atlantic.

The US election is in a little over a month. It seems that there’s a ridiculous twist in the story, almost every day.

Luckily for new Crikey subscribers, we’ve teamed up with one of America’s best publications, The Atlantic for the election race. Subscribe now to make sense of it all, and you’ll get a year of Crikey (usually $199) and a year’s digital subscription to The Atlantic (usually $70AUD), BOTH for just $129.

Peter Fray
Editor-in-chief of Crikey

JOIN NOW