Dec. 10 (Bloomberg) -- James Galbraith, an economics professor at the University of Texas in Austin, talks with Bloomberg's Betty Liu about the prospects for a U.S. fiscal stimulus plan.

More than 150 economists and labor leaders urged President-elect Barack Obama to back a $900 billion stimulus plan, including $225 billion in infrastructure spending and $125 billion in state aid over the next two years. Galbraith, a Democratic Party adviser, United Auto Workers President Ron Gettelfinger and AFL-CIO President John Sweeney are among supporters of the plan. (Source: Bloomberg)

00:00 $900 billion a "floor" for stimulus plan
01:51 Infrastructure spending, other initiatives
03:34 Economy in "unknown territory"
04:57 "Extremely remote" chances of hyperinflation

Running time 05:54

Last Updated: December 10, 2008 09:49 EST