Obama said to pitch $300 billion jobs stimulus
The broad strokes of President Barack Obama's new jobs plan are being revealed. Sources close to the administration say half of an estimated $300 billion package will go to tax credits -- including an extension of the payroll tax cut and benefits to employers of new hires. In speech before a joint session of Congress tomorrow afternoon (4 p.m. PT/7 p.m. ET), the President is also expected to announce new infrastructure spending -- targeting money for renovating schools and laying down roads, according to various news reports. Extending benefits for the unemployed and a strategy to prevent teacher lay-offs is reportedly part of the package, too. Eager ears await the President's plan as new polls out this week show Americans are not happy with the current direction of the country. What else is in the jobs package? Who does the President have to sell it to? And will it work?