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President-elect Obama went to Capitol Hill to meet with congressional leaders and urged them to approve another stimulus package. As Chip Reid reports, the plan could run as high as $775 Billion.
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President-elect Barack Obama is calling for bipartisan cooperation in quickly passing his economic stimulus package that Democrats say will include an unexpectedly large tax cut of up to $300 billion. (Jan. 5)
President-elect Barack Obama's advisors are working on a massive government spending plan. Democratic leaders hope to move the plan through Congress as quickly as possible, reports Chip Reid.
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President-elect Barack Obama's advisors are working on a massive government spending plan. Democratic leaders hope to move the plan through Congress as quickly as possible, reports Chip Reid.
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Beijing has unveiled an economic stimulus program totaling $586 billion. It aims to bolster domestic demand and help avert global recession, but will it work? Also, U.S.-China policy, is Obama's change for real?
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Jan. 18 - Bush is calling for a package of tax cuts and other measures totaling around $140 billion to shore up U.S. economy. Amid bleak reports on retail sales and other data suggesting a possible recession, Bush and the Democratic-led Congress are negotiating to see if they can reach common ground on a plan to shore up growth. Deborah Lutterbeck reports.
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Oct 20 - Fed Chairman Bernanke gave his blessing for another stimulus package, telling Congress another stimulus plan would be "appropriate".This was the first time the central bank chairman had explicitly endorsed a second stimulus package. Deborah Lutterbeck reports.
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Proposed infrastructure plan from Barack Obama stimulates Wall St, but is it a long term solution?
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President-elect Barack Obama wants Congress to move quickly on an economic recovery plan. In his weekly radio address, Obama is urging lawmakers to pass a plan designed to create 3 million jobs. (Jan. 3)