Topic: Economic Stimulus

Some states' woes to stretch to next year: economist

WASHINGTON (Reuters) - For some states, the budget crises spurred by the 2007-09 recession will extend well into the next fiscal year, a senior economist from Moody's Investors Services said on Wednesday.Fiscal 2012 began for most states last month. Because all except ...

Obama vows new ideas to boost jobs, slams Congress

HOLLAND, Michigan (Reuters) - President Barack Obama sought to reassert economic leadership on Thursday by pledging to deliver new ideas every week to create jobs, and he slammed Congress for "bickering" that hurts economic recovery.In a passionate speech to auto industry workers ...

Obama heads to Michigan to tout jobs plan

US President Barack Obama takes his fight against high unemployment on the road Thursday, highlighting a Michigan firm that makes batteries for hybrid vehicles to tout his green energy jobs plan.Obama will also attend two lucrative fundraisers in New York as he ...

Sen. Shelby questions education grant competition

WASHINGTON (Reuters) - The "Race to the Top" program extends the reach of the federal government too far into states' public schools operations, a leading Republican senator said on Wednesday.The Obama administration also risks neglecting poorer states by moving toward competitive education ...

Reading, writing, rollbacks as stimulus ends

RACINE, Wisconsin (Reuters) - The public school system in this city hugging the shore of Lake Michigan is running low on money and options for educating its 21,000 students as federal stimulus cash dries up.Anticipating this summer's end to the $10 million ...

Pennsylvania governor signs on-time budget

NEW YORK (Reuters) - Pennsylvania Governor Tom Corbett signed a $27.15 billion state budget on Thursday night which reduces spending three percent from the current fiscal year and includes severe cuts to higher and basic education.Corbett, a Republican whose party also controls ...

Senate Democrats seek new economic stimulus

WASHINGTON (Reuters) - Democrats in the Senate on Wednesday called on Vice President Joe Biden to include new economic stimulus spending in deficit-reduction talks as a way of lowering the 9.1 percent jobless rate that is hobbling the economic recovery.Senate Majority Leader ...

Government layoffs slow U.S. cities' recoveries: report

WASHINGTON (Reuters) - The layoffs of thousands of government workers may threaten the already slow-motion economic recovery in many U.S. metropolitan areas, according to a report released on Wednesday by the Brookings Institution."Job growth, though occurring in more metropolitan areas than in ...

Obama lands in Puerto Rico

Barack Obama landed in Puerto Rico Tuesday, winning a rapturous welcome on the first official visit to the island by a sitting US president since John F. Kennedy's fondly remembered trip in 1961.Obama stepped off Air Force One to cheers from a ...

Obama jobs-creation panel suggests modest steps

DURHAM, North Carolina (Reuters) - With few tools left to heal the economy, President Barack Obama pledged on Monday to act on job-boosting ideas from a panel of top executives whose modest proposals fell short of a quick fix for stubbornly high ...