Economic Stimulus, Economy | featured news

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.

In a symbolic gesture of dissatisfaction with the government's attempts to stabilize the financial system, the U.S. House of Representatives voted 270-155 on Thursday against releasing a second allotment of $350 billion to the Troubled Asset Relief Program, or TARP.

The USA's public schools stand to be the biggest winners in Congress' $825 billion economic stimulus plan unveiled last week. ...

Taiwan hands out shopping vouchers to its citizens in a bid to stimulate the island's economy.

The FDIC plan to expand its debt-guarantee program is part of an aggressive government push to persuade banks to make more consumer loans and kickstart the economy.

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.