Economic Stimulus, Economy | featured news

As jobless rate climbs, White House scrambles to reassure public Obama's plan is on right track.

Democrats are all over the map on the stimulus and the possibility of a sequel.

Vice President Joe Biden said the Obama administration "misread how bad the economy was" but stands by its stimulus package and believes the plan will create more jobs as the pace of its spending picks up.

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.

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