President Barack Obama is expected to propose a new injection of stimulus into the economy, something that may cost more than $300 billion, according to Fox News.
Obama will address Congress tonight concerning the state of the economy, specifically potential ways to create jobs. The President’s speech is scheduled prior to the first NFL game of the season. Republican leaders have not yet scheduled a rebuttal speech, reported the news outlet.
Among the potential proposals could be the extension of unemployment benefits, totaling $60 billion, a $90 billion highway bill, a $40 billion job-training program and a targeted payroll tax cut for employers that may be worth $30 billion, Fox News reported.
The proposal from the President may come as a response to the poor economic news that has been released out of Washington recently, as more than 9.1 percent of Americans remain unemployed, according to the news outlet.
Obama’s job plan has been seen as a similar measure to the 2009 stimulus packages which ended up totaling more than $830 billion, Bloomberg reported.