Obama signs $787 billion stimulus bill to boost economy
The package aims to reverse nation's economic free fall. There's a $400 tax break for most individual workers and $800 for couples. How will plan affect Americans?
By Agencies |
DENVER: President Barack Obama has signed into law the most sweeping economic package in decades, a rescue plan designed to create millions of jobs and boost consumer spending. It was a major political victory for Obama, who took office less than a month ago.
Obama said the government has begun the essential work of keeping the American dream alive in our time.
The $787 billion package aims to reverse the nation's economic free fall. It pumps money into infrastructure projects, health care, renewable energy development and conservation. There's a $400 tax break for most individual workers and $800 for couples. It dishes out tens of billions of dollars to states.
Obama signed the bill at the Denver Museum of Nature & Science. The setting was to underscore the new law's investments in "green" energy-related jobs.
Obama said the government has begun the essential work of keeping the American dream alive in our time.
The $787 billion package aims to reverse the nation's economic free fall. It pumps money into infrastructure projects, health care, renewable energy development and conservation. There's a $400 tax break for most individual workers and $800 for couples. It dishes out tens of billions of dollars to states.
Obama signed the bill at the Denver Museum of Nature & Science. The setting was to underscore the new law's investments in "green" energy-related jobs.
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