Economic Stimulus | featured news

Households pushed their savings rate to the highest level in more than 15 years in May amid a big boost in incomes from the government's stimulus program.

Fewer Americans believe that President Barack Obama's stimulus package will restore the nation to economic health compared to two months ago but most still approve of the job the president is doing, according to a new poll published on Monday.

That's the American Recovery and Reinvestment Act. Current economic indicators suggest that our economic crisis will hit bottom soon and that the U.S. will be poised for economic recovery. There are many signs pointing to an economy that shows significant signs of improvement.

President Barack Obama said on Monday he expected to create or save 600,000 jobs over the next 100 days by expediting 10 major projects funded by a huge stimulus package that Congress passed in February.

Get ready for a stronger, more independent China.

The Obama administration's fiscal stimulus plan will meet previous estimates to save 3.5 million U.S. jobs by the end of 2010, but the unemployment rate at that time may be higher due to further deterioration in the economy, a senior administration official said on Monday.

The current head of the European Union presidency on Wednesday warned that the U.S. economic rescue plans were, "a way to hell." However, his personal record in the field of economic leadership is very much up for debate.

Geithner said the U.S. must provide significant amounts of financing to the private sector to restart financial markets.

The Fed dramatically increased the amount of money it will create out of thin air to thaw frozen credit markets.

The vice president says when it comes to spending money from the $787 billion economic stimulus package, 'I'll show up in your city, and tell you it was a stupid idea.'