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Page last updated at 23:20 GMT, Thursday, 8 January 2009

Obama urges action on economy

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US President-elect Barack Obama says that a huge stimulus package is urgently needed to revive the US economy.

Mr Obama, who will be sworn in as President in 12 days time, blamed the current crisis on an era of what he called 'profound irresponsibility' and said it threatened America's position of global leadership.

Justin Webb reports.

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