Economic Stimulus, Economic Crisis | featured news

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.

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.'

President Obama and Treasury Secretary Tim Geithner on Monday will announce administration plans to make lending to small businesses more attractive, two senior administration officials said.

One of President Obama's top economic advisors said today that there were already signs that the $787-billion stimulus plan was helping the economy but that it was far too early to reach broad conclusions about how successful it would be.

U.S. House of Representatives Speaker Nancy Pelosi poured cold water on the idea of another economic stimulus package on Thursday amid suggestions that some Democrats had already begun work on one.

Some Democrats are increasingly concerned about President Obama's $787 billion financial fix for the ailing economy, and are demanding greater transparency on further spending.

Investors have largely panned the stimulus package that President Obama signed into law last month. But stimulus in China? Now that's a different story.