WASHINGTON - President-elect Barack Obama yesterday announced his economic team and said he has directed them to draft a broad, multibillion-dollar stimulus package within the next two months that would provide funds for infrastructure projects. He also warned that the deficit will grow significantly whether or not stimulus legislation is enacted and did not rule out repealing Bush administration tax cuts before they expire.

Municipal market groups have been sending letters to Obama asking that local and state government assistance be provided in any stimulus package that is proposed.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.