Economic Stimulus | featured news

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.

A New York Post cartoon Wednesday drew fire from civil rights activist Al Sharpton, who says the image invokes a history of racism to suggest that an ape wrote President Obama's economic stimulus package.

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.

President Obama has not ruled out a second stimulus package, his press secretary said on Tuesday.

Facing a stricter approach to limiting executive bonuses than it had favored, the Obama administration wants to revise that part of the stimulus package even after it becomes law, White House officials said Sunday.

Top Republican lawmakers today called on President Obama to change his political strategy, arguing that the passage of a massive stimulus bill on a party-line vote showed he has failed to deliver the "change" he promised. Sen. John McCain told CNN's "State of the Union With John King" that the president was off to "a bad beginning." Sen. Lindsay Graham was blunter: "If this is going to be bipartisanship, the country's screwed."

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."