Amid the worst job losses in a generation, Mr Obama postponed details of a $350bn bank rescue plan in order to force legislators to focus first on passing the economic stimulus bill.
As part of the administration's plans to go over the heads of Congress and sell the package to the public, Mr Obama will today hold a session with voters in Indiana before staging his first presidential press conference during evening prime time.
Tim Geithner, US Treasury secretary, will now unveil the new troubled asset relief programme guidelines tomorrow. “There's a desire to keep the focus on the economic recovery programme,” Lawrence Summers, Mr Obama's chief economic adviser, told Fox News yesterday.
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