Obama Says Stimulus Bill 'On Target'

WASHINGTON (AP) -- President Barack Obama says it appears Congress is "on target" to approve a massive new stimulus package by Feb. 16.

He spoke Friday after meeting in the White House's Roosevelt Room with top Democratic and Republican leaders from Capitol Hill. Obama says he realizes the package is "a heavy lift" for many lawmakers, but that the urgent economic crisis demands action.

Obama also says that any legislation governing the use of an additional $350 billion in financial industry bailout money must include new measures to ensure accountability and transparency.

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