Economic Stimulus | featured news

Controller Wendy Greuel, who audited the Public Works and Transportation departments, says the city needs to move more quickly to spend the federal money.

President to ask Congress to increase and permanently extend research and development tax credits for businesses in hopes of spurring economic growth ahead of elections, White House official says.

President Barack Obama, previewing a big push on the U.S. economy next week, on Saturday defended policies that he said "have stopped the bleeding" and put the middle class on the road to recovery.

The Obama administration is considering a range of new measures to boost economic growth, including tax cuts and a new nationwide infrastructure program, according to people familiar with the discussions. On the list of possible actions: additional tax cuts for small businesses beyond those included in a $30 billion small-business lending bill before the Senate. It's not clear what those tax breaks would target or how much they might cost in lost revenue to the government.

The delay in dispensing funds to jolt U.S. economy is steeped in officials' fear of waste and fraud.

The United States racked up a $165.04 billion budget deficit during July, 8.7 percent below the year-ago gap as spending on economic stimulus subsided from peak levels, the Treasury Department said on Wednesday.

A new US government report shows the Recovery Act created around 3 million jobs, more than expected.

A letter in advance of a G-20 meeting warned of economic relapse if stimulus programs are withdrawn, and hinted that China’s currency remains too weak.

As the economy shows troubling signs of another slowdown, some economists are beginning to worry about the possibility of a "double-dip" recession.

The White House said the economic stimulus bill created or saved about 2.5 million jobs through the first quarter, mostly as a result of tax relief and financial assistance to lower- and middle-income families.