Racing to reverse the country’s economic spiral, President Barack Obama signed the mammoth stimulus package into law Tuesday and readied a new $50 billion foreclosure rescue for legions of Americans who are in danger of losing their homes.
There was no recovery yet for beleaguered automakers, who were back in Washington for more bailout billions.
General Motors [...]

Investors are frustrated with the government’s latest bank bailout plan — and showed it by unloading stocks.
The major stock indexes fell more than 4 percent Tuesday, including the Dow Jones industrial average, which tumbled 382 points.
Financial stocks led the market lower, a sign of how concerned Wall Street is about the government’s ability to restore [...]

President Barack Obama’s economic recovery plan has passed the Senate and is on its way to difficult House-Senate negotiations.
Just three Republicans helped pass the plan on a 61-37 vote and they’re already signaling they’ll play hardball to preserve more than $108 billion in spending cuts made last week in Senate dealmaking.
Obama wants to restore cuts [...]

Senate Republicans circulated a sweeping plan to drive down the cost of mortgages by expanding the federal government’s role in the industry, officials said Monday night as debate opened on an economic stimulus bill at the top of President Barack Obama’s agenda.
The emerging proposal also relies on a bigger and more widely available tax break [...]

Barack Obama on Saturday laid out more pieces of an economic plan he says would add 3,000 miles of electrical lines, increase security at 90 ports and double the US renewable energy capacity within three years.
It was the latest appeal from the new president for a massive spending bill designed to inject almost a trillion [...]

Most Asian stock markets rose modestly Monday as exporters got a boost from hopes a massive stimulus package will kick-start the U.S. economy but expectations of dire fourth quarter earnings kept a lid on gains.
European bourses opened higher as Britain announced plans for a second bailout of banks.
With President-elect Barack Obama’s inauguration on Tuesday, sentiment [...]

General Motors Corp. turned its opening news conference at the Detroit auto show into a pep rally touting the health of the company and its products, unveiling plans Sunday to build a 40-mile-per-gallon minicar for the U.S. market and a Cadillac concept car powered by electricity like the Chevrolet Volt.
The Chevrolet Spark subcompact was called [...]