SCENARIOS - Economic challenges facing the next U.S. president
Nov 4 (Reuters) - Whether Democrat Barack Obama or Republican John McCain wins the White House on Tuesday, the next U.S. president will face a host of acute economic problems on a scale not seen since the 1930s.
Below is a handful of some of those challenges and the different ways Obama, an Illinois senator, and McCain, an Arizona senator, would likely address them:
FINANCIAL CRISIS
The U.S. financial crisis is the worst since the Great Depression. Economists say the country is in a recession that may get worse by the time the next president takes office in January.
Obama advocates a second stimulus package to jump-start the economy. Valued at $175 billion, the plan would include funding for infrastructure and another round of rebate checks.
McCain advocates a $300 billion housing plan that would use some of the funds from the recent $700 billion Wall Street bailout package to buy up troubled mortgages as the best way to bring the economy "out of the ditch."
HEALTH CARE Continued...
Economy seen growing at 7.2 pct in FY10 - govt
The forecast reinforces the possibility that the government may start to unwind its fiscal stimulus in the budget. Full Article
AIDING GREECE
Eurozone agree in principle to aid Greece - source
Euro zone countries decide to help debt-stricken Greece. Full Article | Video




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