Economic Stimulus Act

President Barack Obama said on Saturday this week’s positive job and economic growth figures proved that his big spending efforts to stimulate the economy were working.

President Barack Obama said Saturday that reports the economy is growing again and that more than 1 million jobs were saved or created by his stimulus plan show “we are moving in the right direction.”

President Barack Obama said Saturday that reports the economy is growing again and that more than 1 million jobs were saved or created by his stimulus plan show “we are moving in the right direction.”

President Barack Obama used his weekly radio address on Saturday to tell Americans that this week’s positive job and economic growth figures are yet more evidence that the U.S. economy is recovering.

Regulators on Friday shut California National Bank of Los Angeles and eight smaller related banks as the weak economy continues to produce a stream of loan defaults.

Nearly 650,000 jobs have been saved or created under President Barack Obama’s economic stimulus plan, the government said Friday, and the White House declared the nation on track to meet the president’s goal of 3.5 million by the end of next year.

The largest stimulus program in the nation’s history has created or saved just over 640,000 jobs, the Obama administration said Friday.

The Obama administration said Friday that stimulus has created or saved 640,000 jobs so far.

They may not like it, but many House liberals look ready to accept a compromise health care bill, putting Democratic leaders well on the way to delivering on President Barack Obama’s call for overhaul.

U.S. safety regulators on Friday hit oil giant BP with a record $87.4- million fine for failing to fix safety violations at its Texas City, Texas, refinery after a deadly 2005 explosion.