US $500 billion seems to be the ball park figure being thrown around for President-elect Barack Obama's economic plan that he wants enacted by the end of January, sources say.
The 2 year plan aims at creating or saving around 2.5 million US jobs, and looks to invest in technologies, transport and energy saving seems that will "pay for themselves" in the long term.
Some Democratic lawmakers put the figure as high as $700 billion, but others say that's unlikely.
"We have to make sure that the stimulus is significant enough that it really gives a jolt to the economy, that it is putting people back to work, that it is making investments, that it is restoring some confidence in the business community that, in fact, their products and services are going to have customers," Obama said Monday as he announced his economic team.
Declining repeatedly to estimate the cost of the plan, Obama said, "It's going to be costly."
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