Monday, November 29, 1999

Obama aide: U.S. economy still needs further boost

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The U.S. economy has begun to climb out of the worst downturn since the 1930 Great Depression but still needs further steps by the federal government to stem a crisis in the job market, a senior economic adviser to President Barack Obama said on Sunday."What we need now is not the withdrawal of support, but further targeted actions that will help the private sector come back more strongly," Christina Romer, chairwoman of the White House Council of Economic Advisers said in prepared remarks for a commencement ceremony at the College of William and Mary in Williamsburg, Virginia.Text of Romer's remarks was made available in Washington.(Writing by Caren Bohan; Editing by Eric Walsh)
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