Politics & Government

November 7, 2008 6:20 PM

Obama vows fast action to spur economy

President-elect Barack Obama used his first post-election news conference Friday to pledge that he'll lead a fast effort to tackle what he called "the greatest economic challenge of our lifetime." But he also tried to lower expectations that he could ignite an instant economic recovery. "It is not going to be quick and it is not going to be easy," he said.

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