US president Obama hails stimulus plan as ``major milestone''
US President Barack Obama on Saturday hailed a US$787-billion stimulus plan passed by Congress as ``a major milestone on our road to recovery'' and promised to sign it into law shortly.
Amid growing worries about a worsening of the US economy, Democratic presidential candidate Barack Obama proposed a $US75 billion economic stimulus plan on Sunday that includes worker tax credits, a one-time pension supplement and help to homeowners facing foreclosure.