Two years ago this week, the Obama administration hailed the advent of the "Summer of Economic Recovery." The president's stimulus bill had passed a Democratic-controlled Congress just over a year before, accompanied by rosy predictions on job creation from the administration.
There's no doubt that Apple is doing far better than the U.S. economy as a whole. But that doesn't mean Steve Jobs had a better jobs record than Barack Obama.
Money Magazine: Are we the next Japan?updated: Wed Jan 04 2012 18:19:00
There's no shortage of debate as to whether the Obama administration and Congress have done the right things in attempting to avert a debt crisis and revive the stalled economy.
President Barack Obama on Thursday took his pitch for his $447 billion jobs bill to the shadows of an aging bridge that connects Ohio and Kentucky -- home states to his chief Republican rivals in Congress.
After giving President Obama's economic stimulus plan something less than an enthusiastic endorsement, House Republicans will offer their own ideas Thursday for getting the economy back on track.
Say what you will about the Republican Party's politics, but one thing I think we all can agree on is that they know how to control the message.
Gov. Rick Perry attacks President Obama's latest jobs plan during the CNN/Tea Party Republican debate.
President Barack Obama said Monday his $447 billion jobs plan is a common-sense approach needed right away, but House Republican leaders said they opposed Obama's intention to pay for it by ending tax relief for corporations and the wealthy.
Facing low approval ratings and constant Republican criticism as his re-election campaign starts up, President Barack Obama challenged Congress on Thursday night to put the good of the nation over political benefit and pass a huge jobs plan he proposed.
President Obama unveiled a stimulus plan Thursday night that he says will boost hiring and provide a jolt to the stalled economy if it becomes law.
Despite non-stop criticism from Republicans, the Obama administration's efforts to help the economy has created jobs.
The economy is in the dumps. Growth is slowing. The housing market remains depressed. Job creation has stopped.
The GOP suggested the move from Wednesday to Thursday because of security and timing concerns.
As others have, and more will as the presidential election heats up, David Frum went after the Recovery Act on these pages. I'll address his critiques in a moment, but first let's just get this right out there: Though we can never know alternative histories -- in this case, how the economy would have performed absent the stimulus -- the weight of the evidence is that the Recovery Act did what we expected it to do.
Declaring himself frustrated with political fighting in Congress, President Barack Obama on Thursday blamed some of the nation's continuing economic troubles on government inaction and urged Americans to tell their elected representatives in Washington to pass bills that will create jobs.
Democrats pounce on Rep. Eric Cantor for walking out of debt ceiling talks. Cantor says taxes are a sticking point.
Later today, I will sit down with President Barack Obama to discuss his request to increase the nation's debt ceiling, and I will make a request of my own: What, Mr. President, are you prepared to do about the massive deficits and debt that have grown dramatically on your watch?
The struggling U.S. economy is in even worse shape than it appears, and the Obama administration has done little to help, according to influential economist Martin Feldstein.
Congress will not be riding to the rescue.
Two years ago, President Barack Obama signed the stimulus package into law, and ever since that day, politicians and political organizations have used the measure as a political football.
In September 2010, President Obama said the stimulus had a positive effect but was not enough and more action is needed.
CNNMoney: Where's the stimulus?updated: Thu Feb 17 2011 15:04:00
A bill to jump start the economy. That was the main idea behind the American Recovery and Reinvestment Act, better known as the "stimulus bill," which became law two years ago today.
President Obama names GE CEO Jeff Immelt head of a new jobs council and talks economy in Schenectady, New York.
President Obama has a noble idea. He argues that if the government is going to spend money to give a boost to the economy, whose growth is slow and anemic, why not use those funds to buy goodies we want anyhow?
Texas Gov. Rick Perry likes to tell Washington to stop meddling in state affairs. He vocally opposed the Obama administration's 2009 stimulus program to spur the economy and assist cash-strapped states.
Since the recession began three years ago, Congress has poured a total of $2.8 trillion into the economy in an effort to spur hiring, get people spending again and prop up industries struggling to stay afloat. While the $858 billion package of tax cuts passed last week was the biggest slice of stimulus yet, it accounts for less than a third of all the money spent since the start of 2008, according to multiple cost estimates prepared by the nonpartisan Congressional Budget Office over the last three years.
President Barack Obama signed an $858 billion tax bill into law Friday, saying, "this is progress, and that's what (the American people) sent us here to achieve."
President Obama credits a bipartisan effort for tax legislation that extends Bush-era tax cuts.
Despite a sweeping tax cut deal that is supposed to keep everyone whole financially, if not better off, 51 million households will face a higher tax bill or a lower refund compared with this year.
The tax package passed by Congress has a bigger price tag than any other economic stimulus in history, but not much bang for all of those bucks.
The Congressional Budget Office released its score Friday on the tax plan hammered out between Republicans and President Barack Obama, showing a $893 billion hit on the deficit over the next five years.
Sure, the wealthy will make out like bandits in the tax-cut deal, but middle-class and lower-income folks will reap benefits too.
The metaphorical ink is still barely dry on the long, flowery press release President Obama sent out last Friday reacting to the drastic budget cuts proposed by the National Commission on Fiscal Responsibility and Reform that he appointed.
John King gets reaction from Sen. Sherrod Brown on the new tax deal framework that President Obama announced.
President Barack Obama on Monday announced a deal with Republican leaders that would extend Bush-era tax cuts for two years and unemployment benefits for 13 months while also lowering the payroll tax by two percentage points for a year.
With more people than ever living in poverty, the government's unprecedented effort to strengthen the safety net for needy Americans is running out.
CNNMoney: Dear Speaker Boehnerupdated: Wed Nov 03 2010 11:04:00
Commentary: Maya MacGuineas is the director of the fiscal policy program at the New America Foundation.
In a few days, Americans could carve out a monument to the Tea Party's power -- or etch out the movement's political tombstone.
Check out a sneak peek of CNN's documentary "Boiling Point: Inside the Tea Party," which airs Saturday at 8 p.m. ET.
Pres. Obama told a backyard gathering he didn't advertise the benefits of the economic recovery act enough.
President Barack Obama told a friendly backyard gathering on Thursday that he was so focused on getting the policy right on helping the economy recover that he didn't devote enough energy to advertising the benefits.
Let us tell you an ugly truth about the economy, a truth that no one in power or who aspires to power wants to share with you, at least until after the midterm elections are over.
President Barack Obama called Monday for Congress to approve a $50 billion plan to begin upgrading the nation's crumbling infrastructure, saying such an investment is vital to creating much-needed construction jobs and keeping the nation competitive in the global economy.
President Obama announces his plan to address America's crumbling infrastructure and create jobs.
The government's monthly payrolls report on Friday provided plenty of fodder for politicians on either side of the aisle ahead of the Nov. 2 elections.
Chinese Premier Wen Jiabao says his country's huge stimulus plan will continue to create economic growth, as long as inflation expectations are well-managed.
Who exactly is China's premier Wen Jiabao? CNN's Fareed Zakaria investigates.
Did the federal stimulus plan work in fixing the economy?
Rep. Gary Peters says the economy is the reason some House Democrats support renewing tax cuts for the wealthy.
President Obama proposes to let the Bush tax cuts for the rich expire as a way of "saving" $700 billion over the next 10 years. He says that our nation cannot afford those cuts, given the unsustainable outlook for the federal budget and the threat it poses to both our short-term and long-term economic health.
Intel chief executive officer Paul Otellini said the Obama administration needs to do a lot more to help create jobs and get the economy back on track.
President Obama acknowledged Friday that bouncing back from the recession has been "painfully slow," but he insisted that the economy continues to grow as he pushed his administration's new economic proposals at his first news conference in months.
President Obama talks about recovering from previous economic policy mistakes and ways to strengthen it now.
President Obama, looking to assure the country that he's the man with an economic plan, is taking his message to the media, and ultimately, the American public.
President Obama addressed Minority Leader John Boehner on his home turf, urging middle class tax cuts be made permanent.
President Obama's plan to offer $200 billion in tax breaks for businesses that invest in plants and equipment would likely have only a limited impact on most small businesses, experts say.
President Obama opened the post-Labor Day stretch of the midterm campaign in the perennial swing state of Ohio on Wednesday, accusing the GOP of pushing bankrupt economic policies and putting politics ahead of national welfare.
House Minority Leader John Boehner outlined a plan to bolster the economy on Wednesday, just ahead of President Obama's speech detailing a $350 billion plan to boost jobs.
President Barack Obama, in a bid to create jobs and boost economic growth, called on Congress on Monday to pass a $50 billion plan to renew the country's transportation infrastructure.
President Barack Obama is rushing to roll out a new economic plan this week, but his fellow Democrats are confronting a difficult question: Is it too little, too late?
President Obama praises labor unions and reaffirms commitment to building the middle class during remarks at Labor Fest.
President Obama is pledging to propose a new package of job-boosting ideas next week -- just don't call it stimulus.
The president turns his focus toward Afghanistan and the American economy now that he's ended Operation Iraqi Freedom.
After a week mostly focused on Iraq and Mideast diplomacy, it's back to the economy for President Obama, who will deliver remarks Friday on the August unemployment numbers.
The air is quickly coming out of the recovery balloon, and economists have mixed views on how to pump it back up.
The Obama administration stepped up its defense of the controversial $862 billion economic stimulus plan Tuesday, releasing an analysis that conluded the measure is helping to spark major technological advances in energy production, among other things.
If the Bush tax cuts for the majority of Americans are extended, and stimulus spending is allowed to continue, that could boost the economy and help lower unemployment in the near term, the Congressional Budget Office said Thursday.
Senators McCain and Coburn release a report on the stimulus, pointing out what they call misguided spending.
Monkeys on cocaine. New windows for a closed visitor's center. Modern dance as a tool for software development.
Monkeys on cocaine. New windows for a closed visitor's center. Modern dance as a tool for software development.
Get ready for a smaller paycheck.
The Obama administration will push for letting tax cuts for wealthy Americans expire while extending them for the rest of the nation, Treasury Secretary Tim Geithner said.
CNN's Candy Crowley talks to Mort Zuckerman and Steve Forbes about letting tax cuts for the rich expire.
Despite groans from Republicans about high unemployment and the growing national deficit, President Obama's administration continues to say the $787 billion stimulus is working.
The Obama administration wants to boost the staggering U.S. economy by boosting exports and offering small-business tax credits, but the prospects for additional stimulus spending are weak, the president's top political adviser conceded Sunday.
There's at least one stimulus program that's creating jobs and winning praise from both sides of the political aisle.
President Barack Obama said Thursday the U.S. economy is "headed in the right direction," and he challenged Republican critics to work with him to continue making progress instead of trying to obstruct his agenda.
The job market and economy need a serious jumpstart, but the stimulus program likely won't be able to do it.
President Obama takes aim at Rep. John Boehner, calling him "out of touch" for comparing the financial crisis to an ant.
President Barack Obama acknowledged Wednesday that the federal deficit is a significant concern, but he also criticized Republicans for obstructing what he called commonsense legislation and siding with big business.
President Barack Obama traveled to Columbus, Ohio, on Friday to mark the groundbreaking of what the administration is touting as the 10,000th road project to be funded by the politically controversial $862 billion economic stimulus plan.
The Obama administration's economic stimulus program has allocated $620 billion so far and created or saved at least 2.3 million jobs, Vice President Joe Biden said Thursday.
President Barack Obama sent a weekend letter to congressional leaders seeking approval for previously proposed spending measures intended to protect the nation's economic recovery, but initial response Sunday was mixed.
Fortune: Questioning Keynesupdated: Thu Jun 10 2010 16:42:00
In the 1930s, British economist John Maynard Keynes spearheaded a revolution in economic thinking: The free market is imperfect. And because of these imperfections, it's the government's job to intervene and somehow make things right.
Last Friday, the House passed and sent to the Senate a jobs bill that was scaled down in an effort to control the cost.
Think states have made deep spending cuts? You ain't seen nothing yet.
The White House's $787 billion stimulus plan funded 682,779 jobs in the first quarter, administration officials said Friday.
The recovery is picking up steam as employers boost payrolls, but economists think the government's stimulus package and jobs bill had little to do with the rebound, according to a survey released Monday.
Tea Party supports gather nationwide for tax day demonstrations. CNN's Sandra Endo reports.
The modern Tea Party movement began on February 27, 2009, when small groups in 22 American cities gathered to protest the signing of President Obama's stimulus bill.
The government's Recovery Act is responsible for between 2.2 million and 2.8 million jobs through the first quarter of 2010, according to the latest stimulus report from President Obama's chief economic adviser.
The slow but steady U.S. economic recovery appears set to continue, with underlying indicators signaling a growing strength, some of the nation's senior economists said Sunday.
The slow but steady U.S. economic recovery appears set to continue, with underlying indicators signaling a growing strength, some of the nation's senior economists said Sunday.
White House officials said Monday that tax credits launched under last year's economic recovery bill have boosted the average refund by nearly 10% from the previous year.
Now that it's taken its first baby step towards creating jobs, Congress is looking at more measures to spur employment.
As members of the Obama administration on Wednesday tout stimulus successes across the country, they won't be highlighting its other effects -- the death of bipartisanship and the rise of the Tea Party movement.
Democrats are slamming stimulus critics on the program's first anniversary. CNN's Jim Acosta reports.
© 2013 Cable News Network. Turner Broadcasting System, Inc. All Rights Reserved.
|