economic stimulus package – News Stories About economic stimulus package - Page 16

Mayors, Guvs
Jockey for Piece
of Stimulus Pie

Feb 16, 2009 12:40 PM CST

Mayors, Guvs Jockey for Piece of Stimulus Pie

Many have budgets on hold until plan is finalized

(Newser) - As the stimulus bill becomes law this week, state officials across the country are competing for their share of federal largess, the New York Times reports. Complex rules govern how money is doled out, and states are still catching up. “This is all rather daunting,” said the director...

The Stimulus
Battle Is Just Getting Started

ANALYSIS

Feb 16, 2009 12:21 PM CST

The Stimulus Battle Is Just Getting Started

Succeed or fail, look for it to be the focus of the 2010 elections

(Newser) - At $790 billion, the stimulus package that Barack Obama signs into law this week carried enormous economic risks. But as the Washington Post reports, the political stakes of the stimulus are nearly as large. By denying the president a single vote in the House, the GOP is betting that the...

New Energy Draws Obama
to Colo. to Sign Stimulus

Feb 16, 2009 9:53 AM CST

New Energy Draws Obama to Colo. to Sign Stimulus

Highlights

(Newser) - Last week Barack Obama's team chose Denver for the site of a stimulus rally like the one in Elkhart, Ind., but now that the bill’s been passed, the visit Wednesday has been repurposed as a bill signing. In both cases, the point of picking Colorado was to highlight what...

Stimulus Devotes $1B to Weighing Medical Treatments

Feb 16, 2009 9:00 AM CST

Stimulus Devotes $1B to Weighing Medical Treatments

Comparing effectiveness will 'save money and lives'

(Newser) - The stimulus bill sinks $1.1 billion into the first major government comparison of different medical treatments, the New York Times reports. The provision is a reaction to concerns that treatments are being prescribed without solid evidence to back their usefulness and cost-effectiveness. But some say such studies would mean...

Limits on Exec Bonuses May Backfire

Feb 15, 2009 11:53 AM CST

Limits on Exec Bonuses May Backfire

Stimulus cuts are too strict, will actually hurt economy, say experts

(Newser) - An 11th-hour limit on Wall Street bonuses in the stimulus bill could ultimately hurt the economy, experts say. In a surprise move, they curb not only senior executives’ pay but also traders, investment bankers, and others, the Los Angeles Times reports. “This will make it difficult to attract and...

Stimulus Will Hit Fast: Axelrod

TALK SHOW ROUNDUP

Feb 15, 2009 11:16 AM CST

Stimulus Will Hit Fast: Axelrod

Obama aide defends Geithner; Graham: country 'screwed' if this is bipartisanship

(Newser) - Calling Tim Geithner’s economic rescue plan “a very thoughtful strategy,” David Axelrod said the economic stimulus will be felt soon and defended the treasury secretary today on NBC’s Meet the Press. President Obama’s senior adviser said Wall Street’s expectations were unrealistic and that the...

GOP Whip
Faces Newt's
Task Magnified

Feb 15, 2009 10:42 AM CST

GOP Whip Faces Newt's Task Magnified

Cantor, a key face for the GOP, led the charge against stimulus

(Newser) - House Minority Whip Eric Cantor's position resembles that of predecessor Newt Gingrich in 1993, and like Gingrich, Cantor has rallied Republicans in a divisive budget battle against reigning Democrats. But continuing in Gingrich's mold may be a tall order, writes Adam Nagourney in the New York Times—while Newt led...

Stop Levitating,
Start Governing: Kristol

OPINION

Feb 14, 2009 1:35 PM CST

Stop Levitating, Start Governing: Kristol

(Newser) - One of William Kristol’s favorite highlights of the new stimulus is the $8 billion reserved for a high-speed levitating train connecting Disneyland and Las Vegas. It wasn’t in the House bill and got just $2 billion in the Senate’s version, so they “compromised” on $8 billion....

Obama:
I'll Move Fast
on Stimulus

Feb 14, 2009 10:02 AM CST

Obama: I'll Move Fast on Stimulus

Passage is 'major milestone,' he says in weekly radio address

(Newser) - President Obama pledged quick action on the stimulus package after it passed the Senate last night, calling it “a major milestone on our road to recovery,” Reuters reports. “I will sign this legislation into law shortly, and we'll begin making the immediate investments necessary to put people...

Stimulus Slashes
Bank Bonuses

Feb 14, 2009 7:56 AM CST

Stimulus Slashes Bank Bonuses

Package bans cash bonuses for bailed-out firms' high earners

(Newser) - A late addition to the stimulus package puts tougher restrictions on executive pay at bailed-out financial institutions, reports the Wall Street Journal. The rules go further than the Obama administration proposed, affect more employees, and could seriously crimp the culture of gargantuan bonuses. The big one: Bonuses can't exceed one-third...

GOP Lawmakers Hail Hated Stimulus

Feb 14, 2009 3:17 AM CST

GOP Lawmakers Hail Hated Stimulus

Republicans crow about projects they like in bill they loathed

(Newser) - Republican lawmakers aren't letting the fact they opposed the stimulus bill stop them from bragging now that it's passed, McClatchy Newspapers reports. A press release from Alaska Rep. Don Young boasted that he had won a victory for the state's small business owners in the bill's final version, but the...

Senate Passes Stimulus;
Obama's Pen Is Next

Feb 13, 2009 10:06 PM CST

Senate Passes Stimulus; Obama's Pen Is Next

(Newser) - In a major victory for President Barack Obama, Democrats muscled a huge, $787 billion stimulus bill through Congress late today in hopes of combating the worst economic crisis since the Great Depression, the AP reports. Republican opposition was nearly unanimous. The Senate approved the measure 60-38 with three GOP moderates...

Dow Ends Bad Week Down 82

MARKETS

Feb 13, 2009 3:23 PM CST

Dow Ends Bad Week Down 82

Energy firms see gains on oil rally

(Newser) - Stocks fell today after treading water for most of the session, the Wall Street Journal reports. Financials fell, but a rise in energy stocks spurred by a $3.53 gain in the price of oil buoyed indices somewhat. The House passage of the stimulus plan seemed to have little effect...

House Passes Stimulus Bill

Feb 13, 2009 1:53 PM CST

House Passes Stimulus Bill

(Newser) - The House today passed the $787 billion stimulus bill, once again without a single Republican vote, the AP reports. Eight Democrats also opposed the bill, which will make its way to the Senate later today. The victory belongs to President Obama, who says the package will save or create 3....

Axelrod to Rove: Be Quiet

Feb 13, 2009 1:22 PM CST

Axelrod to Rove: Be Quiet

Obama adviser dismisses criticisms from Bush's brain

(Newser) - If Karl Rove’s so smart, how come his party’s the one locked out of power? That’s what top White House adviser David Axelrod seemed to ask in an interview with the Washington Post. Dismissing Rove’s criticisms of Obama’s stimulus plan as “intramural stuff,”...

Stimulus in the Bag, Obama Rethinks Strategy

analysis

Feb 13, 2009 11:15 AM CST

Stimulus in the Bag, Obama Rethinks Strategy

President will push hard for the agenda he wants

(Newser) - President Obama got his way, more or less, on the stimulus, but the process demonstrated Congress' abiding disinterest in bipartisanship. For future big-ticket items—and there are a lot of them—the president will take a tougher approach, Mike Allen and Jonathan Martin write for Politico. Chief of staff Rahm...

GOP Hardliners
Change Tune
on Gregg

Feb 13, 2009 9:57 AM CST

GOP Hardliners Change Tune on Gregg

Senator's decision to quit is rallying cry for Republicans

(Newser) - Judd Gregg said the right bipartisan things, but to a Republican Party in need of a boost, his withdrawal as nominee for commerce secretary feels like an act of defiance against the administration, reports Politico. When his decision was announced in a party meeting, attendees broke into applause. "Sen....

Congress Needs to Speed Read Like Crazy to Study Stimulus

ANALYSIS

Feb 13, 2009 7:09 AM CST

Congress Needs to Speed Read Like Crazy to Study Stimulus

At 1,434 pages, 13 hours hardly enough

(Newser) - It might be called a stimulus bill, but it’s far from stimulating reading. At 1,434 pages, and written in the usual incomprehensible legalese, the stimulus is going to be passed unread by members of Congress. That’s no fault of theirs, blogs Jimmie Bise at the Sundries Shack;...

Final Stimulus
Votes Set Today

Feb 13, 2009 2:16 AM CST

Final Stimulus Votes Set Today

With haggling completed, final version of $789B bill will head to House and Senate

(Newser) - Lawmakers have hammered out the final details of the economic stimulus bill and cleared the way for final votes in the House and Senate today, reports Reuters. Both chambers are expected to approve the bill's final version, meeting Barack Obama's deadline of passing the $789 billion package of spending and...

Caterpillar Boss Contradicts Obama on Jobs

Feb 13, 2009 1:53 AM CST

Caterpillar Boss Contradicts Obama on Jobs

Even more layoffs will be needed before stimulus works: CEO

(Newser) - Caterpillar's CEO said the stimulus package would let the company start rehiring laid-off workers, according to President Obama—but he was swiftly contradicted by the boss himself, ABC News reports. CEO James Owens said that even with the stimulus package, the massive scale of the downturn would require the firm...