Biden to Declare Plans to 'Ramp Up' Stimulus Projects Over Summer
Responding to the latest unemployment numbers, Vice President Joe Biden said yesterday that he and President Obama will announce Monday plans to "ramp up" the pace of projects during the summer from the $787 billion economic stimulus plan.
The Labor Department reported that while employers cut 345,000 jobs in May - the lowest monthly total since September - the national unemployment rate still rose from 8.9 percent to 9.4 percent, the highest in more than a quarter-century.
Source: Associated Press