Barack Obama, Economy | featured news

President Barack Obama's top economic adviser would not rule out on Sunday that more money may be needed to stabilize the financial system as a deep recession increases banks' losses.

President Barack Obama painted a bleak economic picture of the country on Saturday, hours before he is to meet with his economic team.

President Obama said today that efforts to pass a massive new economic stimulus package by mid-February are "on target," despite Republican lawmakers' objections to some elements of the plan.

President Barack Obama said Friday he expects an $825 billion economic recovery plan to be approved by his target of mid-February and urged congressional leaders to work swiftly to pass it.

Americans are confident Barack Obama can turn the economy around but are prepared to give him years to do so, according to the latest Times/CBS News Poll.

A divided Senate has approved President-elect Barack Obama's request for $350 billion in unspent financial bailout funds.

Democratic leaders in the U.S. House of Representatives will push for quick passage of a $825 billion economic stimulus bill being unveiled on Thursday.