White House: Too soon for nations to end economic stimulus efforts

September 16th, 2009 White House: G-20 summit will not be 'victory lap'WASHINGTON — Wary of complacency, President Barack Obama will urge a summit of world financial powers to stick with efforts to boost the global economy rather than abandon coordinated economic stimulus work, a top White House adviser said Wednesday. Obama next week is hosting the Group of 20 nations in Pittsburgh, Pa., for a status check on the worst financial crisis since the Great Depression.

September 10th, 2009 White House cautiously optimistic on stimulus jobsWASHINGTON — White House economists said Thursday that the Obama administration's recovery efforts have saved or created more than 1 million jobs, an estimate that underscored a cautiously optimistic forecast about the direction of the economy. 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.

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 5th, 2009 Obama visits Indiana to highlight recovery effortsWASHINGTON — President Barack Obama is visiting a recreational vehicle plant in northern Indiana on Wednesday to highlight his administration's efforts to rescue the economy. Obama will travel to Wakarusa (wah-kah-ROO'-sah), near Elkhart, where he is to deliver remarks at the Monaco RV factory.

July 27th, 2009 China, US officials see global economic recoveryWASHINGTON — Top officials of the United States and China said Monday they saw hopeful signs that the global economy was beginning to move into a period of recovery. Treasury Secretary Timothy Geithner said that the joint efforts of the nations to deal with the financial crisis with large stimulus programs marked a turning point in the relationship of the two economic superpowers.

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.

June 5th, 2009 Biden: White House to 'ramp up' economic recoveryWASHINGTON — Vice President Joe Biden said Friday the White House plans to "ramp up" the pace of its economic recovery efforts as the government reported the unemployment rate jumped to its highest level in over a quarter-century. Addressing reporters, Biden said the latest jobs report reflects how millions of Americans are still hurting, but he also said there were "some signs of hope today." The jobless rate in May shot up from 8.9 percent to 9.4 percent and 345,000 more jobs were slashed from company payrolls.

May 11th, 2009 White House: Stimulus on pace for 3.5 million jobsWASHINGTON — The Obama administration is defending its claim that the $787 billion economic stimulus plan will save or create 3.5 million jobs before 2011 even while conceding that unemployment will likely continue to rise beyond its earlier predictions. A report Monday by the White House Council of Economic Advisers said the projections were based on conservative estimates and widely accepted assumptions.

April 25th, 2009 Groups ask White House to ease lobbying limitsWASHINGTON — Lobbyists and public interest groups asked White House officials on Friday to drop their ban on lobbyists discussing economic stimulus projects with Obama administration officials, but got no promises the policy would change, participants said. President Barack Obama issued the prohibition last month, saying he wanted to prevent lobbyists from influencing how the $787 billion economic stimulus package is spent.

April 23rd, 2009 Lobbyists ask White House to ease lobbying rulesWASHINGTON — Lobbyists and leaders of public interest groups will meet with White House officials on Friday to seek a roll back of the ban on lobbyists discussing economic stimulus projects with federal officials. President Barack Obama imposed the prohibition last month in hopes of reducing the influence lobbyists might have over how the $787 billion economic stimulus package will be doled out.

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.

February 4th, 2009 WASHINGTON - US President Barack Obama warned of an economic 'catastrophe' if lawmakers were unable to pass an unprecedented economic stimulus package and slammed Republicans for failing to recognise the outcome of the country's general election last year. 'A failure to act, and act now, will turn crisis into a catastrophe and guarantee a longer recession,' Obama warned Wednesday at the White House.

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.