четверг, 15 марта 2012 г.

Obama to Denver for stimulus signing

President Barack Obama travels to the American West on Tuesday to sign into law his hard-fought stimulus plan, hoping the measure will put a floor under the collapsing U.S. economy.

A relentless storm of economic bad news and public pessimism has raged through the first month of Obama's presidency. After his legislative victory with the $787 billion stimulus measure, he now must take equally vigorous steps to prop up the country's deeply troubled financial system, ease the pain of Americans facing home mortgage foreclosures and save the teetering auto industry.

Automakers General Motors Corp. and Chrysler, now kept afloat on a combined $13.4 billion in …

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