Economic Stimulus | featured news

Arnold Schwarzenegger, California's Republican governor, defended Democratic President Barack Obama's stimulus plan on Sunday, saying 150,000 new jobs were created in his state thanks to the legislation.

President Barack Obama, defending his economic stimulus plan on its first anniversary, is dispatching his Cabinet across the country to try to calm an anxious public as Democrats head into potentially devastating congressional elections in November.

Japan's economy grew at a faster than expected pace last quarter, as steady exports to Asia and support from government stimulus measures prevent another downturn in the region's largest economy.

President Barack Obama's chief political adviser says the president will focus on job-creating plans in his State of the Union address Wednesday night.

Strategist David Axelrod says the White House takes only "cold comfort" from the fact that the president's stimulus program saved about 2 million jobs – given the millions lost in the deepest economic downturn in decades.

The government watchdog overseeing economic stimulus spending said Thursday the White House was too quick to take credit for saving or creating 640,000 jobs.

President Barack Obama is set to sign a $24 billion economic stimulus bill providing tax incentives to prospective homebuyers and extending unemployment benefits to the longtime jobless who have been left behind as the economy veers toward recovery....

President Barack Obama said Saturday that reports the economy is growing again and that more than 1 million jobs were saved or created by his stimulus plan show "we are moving in the right direction."

New data provides the first confirmation that President Barack Obama's economic stimulus plan has so far saved or created more than one million jobs, administration officials said Friday.

The Obama administration says spending aimed at boosting the economy has created or saved 250,000 teaching or other education jobs this year.

The deficit is the largest relative to the size of the economy since 1945, underscoring the challenge to shrink the fiscal gap even as the White House considers more steps to stimulate a slow recovery.