Doubt clouds new US stimulus plan

Many are skeptical that the $600bn pumped into economy will help revive it as anger grows over government spending.

     

    Republicans have taken control over the US House of Representatives after Tuesday's mid-term elections mainly due to voters' frustration with Obama's failure to speed up economic recovery.

    The US central bank has announced a fresh stimulus plan dubbed "quantitative easing" as part of a bid to boost the economy. The Federal Reserve says it will pump $600bn into the economy after it had injected $787bn worth of economic measures in the American Recovery and Reinvestment Act of 2009.

    Kimberly Halkett reports on how many are sceptical of the plan after anger over "excessive" government spending culminated in the congressional elections.

    SOURCE: Al Jazeera


    YOU MIGHT ALSO LIKE

    Interactive: How does your country vote at the UN?

    Interactive: How does your country vote at the UN?

    Explore how your country voted on global issues since 1946, as the world gears up for the 74th UN General Assembly.

    'We were forced out by the government soldiers'

    'We were forced out by the government soldiers'

    We dialled more than 35,000 random phone numbers to paint an accurate picture of displacement across South Sudan.

    Interactive: Plundering Cambodia's forests

    Interactive: Plundering Cambodia's forests

    Meet the man on a mission to take down Cambodia's timber tycoons and expose a rampant illegal cross-border trade.