Arguing that inaction could lead to an unemployment rate in the double digits, President-elect Barack Obama Thursday urged swift action on an economic stimulus package that could contain billions of dollars in funding for transportation construction projects.
"We start 2009 in the midst of a crisis unlike any we have seen in our lifetime - a crisis that has only deepened over the last few weeks," Obama said in a speech at Virginia's George Mason University.
Obama's economic stimulus proposal, which could exceed $1 trillion, aims to create over three million jobs with spending on infrastructure, energy and tax cuts.
But progress on the legislation has hit a snag in Congress as Democratic lawmakers seek to put individual stamps on components of the package and Republican leaders urge more accountability and hearings on the proposal.
"This must be a time when leaders in both parties put the urgent needs of our nation above our own narrow interests," Obama said.