Skepticism clouds new US stimulus plan

Republicans have taken control over the US House of Representatives after Tuesday's mid-term elections mainly due to voters' frustration with Obama's failure to speed up economic recovery.

The US central bank has announced a fresh stimulus plan dubbed "quantitative easing" as part of a bid to boost the economy. The Federal Reserve says it will pump $600b into the economy after it had injected $787b worth of economic measures in the American Recovery and Reinvestment Act of 2009.

Kimberly Halkett reports on how many are skeptical of the plan after anger over "excessive" government spending culminated in the congressional poll.

[November 4, 2010]