Romney faults stimulus at plant that received $2.3 million
February 4th, 2012
08:10 PM ET
2 years ago

Romney faults stimulus at plant that received $2.3 million

Colorado Springs, Colorado (CNN) - Hailing a metal engineering plant that received $2.3 million in stimulus funds as a small business success story, on Saturday Mitt Romney told an audience at the plant the federal recovery program "did not do the job."

Romney said the millions in federal funds granted to Springs Fabrication in Colorado Springs had not created any new jobs at the plant.
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Filed under: 2012 • Colorado • Mitt Romney • Stimulus
GOP to Bernanke: No new stimulus
September 21st, 2011
08:25 AM ET
3 years ago

GOP to Bernanke: No new stimulus

NEW YORK (CNNMoney) - Republican leaders in Congress have asked Federal Reserve Chairman Ben Bernanke to refrain from any further monetary stimulus during policy makers' two-day meeting ending Wednesday.

"Respectfully, we submit that the board should resist further extraordinary interventions in the U.S. economy, particularly without a clear articulation of the goals of such a policy, direction for success, ample data proving a case for economic action and quantifiable benefits to the American people," read a letter from Republican leaders and addressed to Bernanke.

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Filed under: Ben Bernanke • Republicans • Stimulus
Obama stimulus plan: Will it work?
September 7th, 2011
03:04 PM ET
3 years ago

Obama stimulus plan: Will it work?

New York (CNNMoney) – The economy is in the dumps. Growth is slowing. The housing market remains depressed. Job creation has stopped.

Can a stimulus package of roughly $300 billion in spending and tax cuts get things back on track?

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Filed under: Jobs • President Obama • Stimulus
Obama's stimulus gambit
September 6th, 2011
07:46 AM ET
3 years ago

Obama's stimulus gambit

NEW YORK (CNNMoney) - Now is the time for action.

That's the message the White House is bringing to Congress as lawmakers return to work this week.

In a major speech Thursday night, President Obama is expected to argue that the government must do more to spur job growth, investment and economic expansion.

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Filed under: Congress • President Obama • Stimulus
Happy birthday to the stimulus
February 17th, 2011
12:32 PM ET
3 years ago

Happy birthday to the stimulus

Washington (CNN) - February 17th marks the two year anniversary of the stimulus package as well as the two year anniversary of politicians and political organizations using the measure as a political football.

Signed into law by President Obama in February 2009, the bill passed Congress with minimal Republican support. Democrats said it would encourage job creation and promote investment. Republicans criticized the original $787 billion price-tag and argued that it green lighted new spending instead of tax cuts. Thursday GOP groups continued their critique of the measure and President Obama.
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Filed under: Congress • President Obama • Stimulus
Scott rejects federal rail funds for Florida
February 16th, 2011
12:27 PM ET
3 years ago

Scott rejects federal rail funds for Florida

Washington (CNN) - Republican Florida Gov. Rick Scott rejected $432 million in highly-touted funding from the Obama administration for an Orlando to Tampa high-speed rail Wednesday. Slamming government for becoming "addicted to spending," Scott listed three reasons why accepting the federal funds would amount to a "recipe for disaster."

In a statement, Scott said "I was elected to get Floridians back to work and to change the way government does business in our state."
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Filed under: Chris Christie • John Kasich • Rick Scott • Scott Walker • Stimulus
Stimulus has big price tag
December 20th, 2010
01:04 PM ET
4 years ago

Stimulus has big price tag

(CNNMoney.com) - How much does it take to shock the U.S. economy back to life? Almost $1 trillion a year.

Since the recession began three years ago, the total tally of Congress' efforts to jumpstart the economy has reached a total of $2.8 trillion.

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Filed under: Economy • Stimulus
November 9th, 2010
07:35 PM ET
4 years ago

LaHood to states: Proceed with rail projects or give up stimulus funds

(CNN) - In some post-election hardball between the Obama administration and newly-elected Republicans, Transportation Secretary Ray LaHood is threatening to take back stimulus funds from states if they do not follow through on proposed rail projects.

CNN obtained copies of letters LaHood sent to incoming Republican governors in Ohio and Wisconsin who have stated their opposition to rail projects already underway in their states. In the letters, LaHood said a rail link between Cleveland, Columbus, Dayton and Cincinnati in Ohio, and a high-speed rail connection between Chicago, Illinois, and Milwaukee, Wisconsin, are vital to economic growth in both regions.
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September 22nd, 2010
02:52 PM ET
4 years ago

Stimulus: Economists debate its success

ALT TEXT

New York (CNNMoney.com) - Did the federal stimulus plan work in fixing the economy?

That was the question confronting the Senate Budget Committee on Wednesday. The senators summoned some of the most renowned economists in the country to seek the answer - but they failed to find common ground.

The economists – Alan Blinder, co-director of the Center for Economic Policy Studies at Princeton University, Mark Zandi, chief economist of Moody's Analytics, and John Taylor, economics professor at Stanford University – took divergent views.

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Filed under: Economy • issues • Stimulus
August 26th, 2010
09:02 AM ET
4 years ago

Top N.H. Dems team up with V.P. to tout stimulus

Vice President Joe Biden will be in New Hampshire on Thursday morning to tout what the White House calls a major milestone of the federal stimulus.
Vice President Joe Biden will be in New Hampshire on Thursday morning to tout what the White House calls a major milestone of the federal stimulus.

Washington (CNN) - Vice President Joe Biden heads to New Hampshire Thursday morning to tout what the White House calls a major milestone of the federal stimulus. Teaming up with Biden at the event in Manchester will be the state's two Democratic representatives, who both face challenges at the polls this November.

According to the White House, "Vice President Biden will visit the home of a Manchester, NH family where he'll announce a major Recovery Act milestone – the weatherizing of 200,000 homes under the Recovery Act."

The administration says that their goal is to weatherize nearly 600,000 homes by March 2012 under the Recovery Act, adding that "the Administration is investing about $90 billion through the Recovery Act in clean energy and energy-efficiency projects that cut costs, reduce energy use and create new jobs."

The stimulus was passed by Congress early last year mostly along party lines. Republicans criticize the measure for failing to create jobs and pump up the economy.

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Filed under: Economy • issues • Joe Biden • New Hampshire • Stimulus
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