President Obama Signs Stimulus Bill

By: Associated Press/KKTV
By: Associated Press/KKTV

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.

The White House went live with a new Web site Tuesday that will allow people to track where the money is being sent. To visit that Web site, click on the link below.

(Copyright 2009 by The Associated Press. All Rights Reserved.)


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