02/06/2009 05:12 am ET Updated May 25, 2011

Obama To Ban Earmarks From Stimulus Bill

On his second day in Washington, President-elect Obama met with his budget team and promised no earmarks will be in the stimulus plan.

"We are going to ban all earmarks -- the process by which individual members insert pet projects without review," he explained. "We will create an economic recovery oversight board made up of key administration officials and independent advisors to identify problems early and make sure we are doing all we can to solve it."

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