BEDFORD HEIGHTS, Ohio, Jan 16 (Reuters) - President-elect Barack Obama said on Friday that even with a range of economic measures to move the United States out of a recession, the economy would likely get worse before it improves.
"Recovery is not going to happen overnight," he told workers at a factory in Ohio. "Even with the measures that we're taking, things could get worse before they get better. I want everybody to be realistic about this."
On Thursday Democrats in the House of Representatives unveiled an $825 billion economic stimulus bill that largely adheres to the measures the president-elect has requested.
Also on Thursday, the Senate voted to give Obama authority to spend the $350 billion remaining in a $700 billion financial industry bailout fund created in October. That fund is known as TARP, the Troubled Asset Relief Program. (Reporting by Jeff Mason, editing by Anthony Boadle)