Economic Stimulus, Economy | featured news

Federal Reserve Chairman Ben S. Bernanke on Friday laid out a case for the central bank to take further action to bolster growth, citing the risks of prolonged high unemployment and a U.S. economy slipping into a deflationary spiral.

Stocks rallied Wednesday as investors continue to anticipate more stimulus measures from the Federal Reserve.

More than 89,000 stimulus payments of $250 each went to people who were either dead or in prison, a government investigator says in a new report.

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.

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A letter in advance of a G-20 meeting warned of economic relapse if stimulus programs are withdrawn, and hinted that China’s currency remains too weak.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