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 [...]

An $838 billion economic stimulus bill backed by the White House narrowly advanced in the Senate on Monday over strong Republican opposition, and Democratic leaders vowed to deliver the emergency legislation for President Barack Obama’s signature within a few days.
The vote was 61-36, one more than the 60 needed to move the measure toward Senate [...]

Barack Obama’s Democratic allies on Capitol Hill are trying to use the president-elect’s economic recovery bill to extend a tax cut for middle-to upper-income taxpayers despite concerns from his transition team that it won’t boost the economy.
Rep. Charles Rangel, D-N.Y., Congress’ top tax writer, says both House and Senate members feel strongly about using Obama’s [...]