President-Elect Obama is working on a financial relief package for state governments:
President-elect Barack Obama turned from national security to domestic concerns on Tuesday, telling the country’s governors that his administration would not delay in pushing an economic recovery plan that would bring relief to the states, 41 of which are forecasting budget shortfalls this year or next.
Speaking at a conference of the National Governors Association in Philadelphia, Mr. Obama said his background in the Illinois state senate made him particularly sympathetic to the needs of state and local governments. And he declared himself open to good ideas that work, whether they come from Democrats or Republicans.
“We are not going to be hampered by ideology in trying to get this country back on track,” he told the governors, many of whom he met for the first time at the conference. “We want to figure out what works.” Vice President-elect Joseph Biden Jr. also attended the meeting.
Aides to Mr. Obama have suggested that a recovery plan, which the president-elect hopes to be able to sign not long after taking office on Jan. 20, might carry a price tag of as much as $700 billion.