Economic Stimulus, Economic Crisis | featured news

Nine states are considering rejecting federal stimulus money meant to extend unemployment benefits.

Five weeks into an administration already marked by dramatic highs and lows, President Obama sounded a note of hope at a time of crisis tonight, delivering an address to a joint session of Congress heavily focused on the ailing economy and how to fix it.

President Obama was expected to appeal to the determination and optimism of the American people on Tuesday evening.

U.S. President Barack Obama sought on Monday to bolster political support for the $787 billion economic package, telling the nation's governors that the money would go out quickly and be spent wisely.

An array of Republican governors said they would reject at least some of the funding available under the Obama administration's economic-stimulus package.

The president, meeting with U.S. mayors at the White House, vows to use his full power to expose any misuse of the $787 billion in economic stimulus dollars.

U.S. President Barack Obama signed a $787 billion economic stimulus bill into law on Tuesday as global markets plunged on fears that the recession would deepen despite government action in many countries.

As President Obama prepares to sign the $787 billion stimulus bill, administration officials sought to temper expectations.

President Barack Obama, savoring his first major victory in Congress, said Saturday that newly passed $787 billion economic stimulus legislation marks a "major milestone on our road to recovery."

Less than one month after President Obama took office, Congress last night passed his flagship proposal, an unprecedented collection of tax cuts and new spending that Democrats say offers the country its best hope to stave off an impending depression.