Obama To Unveil Economic Rescue Plan, Campaign Say

The Obama campaign offered no immediate details on the plan.

U.S. Democratic presidential candidate Barack Obama will give a "major" speech outlining his economic rescue plan at 1:30 p.m. EDT (1730 GMT) on Monday, his campaign said.

"Today in Toledo, Ohio, Senator Obama will deliver a major policy address to lay out his economic rescue plan for the middle class," his campaign said in a statement.

The Obama campaign offered no immediate details on the plan.

A Reuters/C-SPAN/Zogby opinion poll released on Monday showed Obama has 4-point lead among likely voters over Republican rival Sen. John McCain heading into the Nov. 4 election. Other polls showed a lead in double digits, including a Washington Post-ABC News poll released on Monday had Obama leading McCain 53 percent to 43 percent among likely voters.

Much of Obama's improvement has been credited to the public thinking he is much better at handling the economy than McCain. Obama has criticized McCain as being erratic on his economic proposals, jumping from one idea to another.

In its statement announcing the economic address, the campaign said: "Our economy is facing its greatest uncertainty in over 70 years, we have lost 760,000 jobs this year and the unemployment rate is expected to reach 8 percent. Families, who saw their incomes decline by $2,000 in the economic "expansion" from 2000 to 2007 now risk seeing deeper income losses."

Obama and McCain face each other on Wednesday in the final debate before the election.

Also on Monday, McCain was to unveil a new political stump speech as he and top advisers consider new economic proposals to address a deepening U.S. financial crisis sweeping markets worldwide. The list of ideas has been narrowed and the first could be rolled out later this week, the campaign source said.

In a speech at a rally in the battleground state of Virginia, McCain will seek to reassure supporters that he will overcome Obama's lead in the polls, his campaign said. An aide said the speech would mark a "more forceful tone" by the Arizona senator in his run for the presidency.