TOLEDO, Ohio (AP) - Barack Obama is urging a number of economic moves he says would "provide relief to families and communities and help struggling homeowners." While stumping in Ohio, Obama proposed that banks taking part in the federal bailout temporarily postpone foreclosures on families that are making good-faith efforts to pay their mortgages. He says those families need "breathing room" to help get back on their feet. Obama also wants to let people withdraw up to $10,000 from their retirement accounts without penalty through next year. They would still have to pay taxes on the money. To create jobs, Obama is suggesting a $3,000 tax credit for each additional full-time job a business adds. The credit would end after 2010. Obama says his proposals would cost $60 billion over two years.
(Copyright 2008 by The Associated Press. All Rights Reserved.)