Archive for Wednesday, January 7, 2009

Obama bans earmarks from economic package

January 7, 2009

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— President-elect Barack Obama says he will bar pork-barrel projects from the massive economic stimulus bill he wants Congress to pass.

Obama said Tuesday that his plan, expected to cost about $775 billion, will not allow lawmakers to insert pet projects, as they sometimes do on spending bills.

He told reporters at his transition office in Washington that his package will set a “new higher standard of accountability, transparency and oversight. We are going to ban all earmarks, the process by which individual members insert projects without review.”

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