US House approves economic stimulus plan

September 10th, 2009 White House reports 1 million jobs saved, createdWASHINGTON — White House economists said Thursday that the Obama administration's recovery efforts have saved or created more than one million jobs so far, an optimistic report that economists cautioned was preliminary and uncertain. President Barack Obama has promised that his $787 billion stimulus plan will create or save 3.5 million jobs by the end of next year.

August 18th, 2009 Cantor: Stimulus not working as well as advertisedWASHINGTON — A member of the House Republican leadership says he doesn't think the $787 billion economic stimulus program the Obama administration pushed through Congress earlier this year has worked as advertised. House GOP Whip Eric Cantor of Richmond said Tuesday that no one should be touting the benefits of stimulus — as Vice President Joe Biden has — at a time when national unemployment is at 9.4 percent.

July 10th, 2009 Geithner: Stimulus on 'expected path'WASHINGTON — Treasury Secretary Timothy Geithner says the administration's plan to stimulate the economy by spending billions on construction and other local projects is on the "expected path." Geithner defended the stimulus plan Friday after Florida Republican Rep. Bill Posey asked where the government's plan went wrong, because unemployment remains high.

July 8th, 2009 L'AQUILA, Italy — The White House says it's not quite time for industrialized nations to pull the plug on economic stimulus efforts. Economic adviser Mike Froman said Wednesday that world leaders gathered at a G-8 summit in Italy will seek a balance between continuing to stimulate sluggish economies and looking for exit strategies.

June 23rd, 2009 Obama: No new stimulus needed, but quicker resultsWASHINGTON — President Barack Obama says he is not ready to offer a second stimulus plan even though the economy continues to struggle. The president said Tuesday that more time is needed to assess the effectiveness of the $787 billion economic stimulus plan enacted early this year.

June 8th, 2009 White House defends optimistic stimulus modelWASHINGTON — The White House is defending the overly optimistic economic models it used to justify the historic stimulus plan. Four months after the stimulus was passed, unemployment is far higher than expected and continuing to rise.

May 17th, 2009 NEW DELHI - Main points of the prime minister's 100-day action plan: - Fresh stimulus to economy, put it on 9-10 percent growth trajectory - Tackle job losses especially in textile and diamond sectors - Emphasis on welfare policies in social sector - Prepare blueprint to carry out Congress party's manifesto promises - Modernise both security and intelligence mechanisms.

February 13th, 2009 NEW YORK - Crude prices jumped Friday after the US House of Representatives approved the $787-billion economic stimulus package. The package, which was approved without Republican support, includes more than $37.5 billion for energy infrastructure.

February 13th, 2009 WASHINGTON - The US House of Representatives Friday approved President Barack Obama's $787 billion economic stimulus package. The plan was approved by a vote of 246-83 but with no Republican support.

February 11th, 2009 WASHINGTON - US lawmakers reached a compromise deal Wednesday on a record economic recovery package, which could allow the plan to pass both houses of Congress before the end of the week. The Senate and House of Representatives ironed out differences in separate versions of the stimulus bill and knocked the total price tag down to $789 billion, including a mixture of tax cuts and government spending projects to pull the US out of its worst recession in decades.

January 30th, 2009 WASHINGTON - US President Barack Obama said Friday that the current economic crisis was a 'continuing disaster' for the US families and urged the Congress to approve the multi-billion dollar stimulus package. 'Today we learned that our economy shrank in the last three months of 2008 by 3.8 percent.

January 28th, 2009 WASHINGTON - The Democratic-controlled US House of Representatives has approved President Barack Obama's $819 billion economic stimulus plan containing emergency spending and tax cuts. The House measure, which was approved Wednesday, combines roughly $275 billion in temporary tax cuts for both individuals and businesses along with about $544 billion for job-creating investment projects, health industry improvements, expanded aid for the poor and unemployed, and improving education.

January 23rd, 2009 WASHINGTON - President Barack Obama is confident that efforts to pass a new $825 billion economic stimulus package by mid-February are 'on target,' despite Republican lawmakers' objections to some elements of the plan. Obama exuded optimism as he went into meeting at the White House Friday to discuss the stimulus proposal with Vice President Joe Biden and a bipartisan group of nine congressional leaders from both Democratic and Republican parties.

January 15th, 2009 WASHINGTON - Democrats in the US House of Representatives Thursday introduced an $825-billion economic stimulus plan that president-elect Barack Obama hopes will help revive the struggling economy. The bill would provide for $550 billion in job-creating investments over two years and $275 billion in tax relief, media reports said.

January 7th, 2009 WASHINGTON - US president-elect Barack Obama Thursday unveiled details of his economic stimulus plan aimed at lifting the US economy out of a deepening recession, and urged the Congress to approve the plan as soon as possible.