Lawrence Summers

President-elect Barack Obama officially took the wraps off his new economic team -- one of the worst-kept secrets of the incoming administration -- today as he seeks to calm jittery markets with an image of decisive fiscal management weeks before...

WASHINGTON (AP) - President Barack Obama faces a barrage of questions on his plans to reinvigorate the economy with a massive stimulus bill and additional billions in bailout money for the financial markets. Trips Monday and Tuesday to cities hurting...

WASHINGTON -- President-elect Barack Obama on Friday selected the head of the Federal Reserve Bank of New York as his nominee for Treasury secretary, choosing a vigorous advocate of government intervention in the troubled economy who nonetheless...

WASHINGTON (AP) - The Obama administration says fundamental restructuring is needed to address the problems facing the auto industry. The administration issued a statement following the first meeting of its auto task force stressing that officials...

Here's a YouTube press release from Obama, which a sarcastic observer might say argues that a Depression is a great thing, because it allows the Democrats to fulfill every spending dream they've ever had. The federal government is going to......

Obama econ aide Larry Summers, in a letter, promises $50 billion to $100 billion for foreclosure relief, and more accountability and oversight if Congress allows release of the second $350 billion tranch of the $700 billion in bailout funds.......

by Mark Silva Hand this to Robert Gibbs: He is new at the podium of the West Wing press briefing room. He was surprised to learn, today, that the press corps might want to hear a rundown of what President......

by Mark Silva President Barack Obama, summoning leaders of both parties of Congress to the White House for work on an economic stimulus that he hopes to win within a month. "I know that it is a heavy lift to......

by Mark Silva updated at 2:35 pm EST His tie was baby blue, coordinated with the backdrop of a high-tech White House press briefing room. His demeanor was calm, coordinated with the tone of the new Obama White House. His......

by Frank James Former Reagan Administration economist Martin Feldstein has given congressional Republicans opposed to the $819 billion economic stimulus plan just passed by the House some effective ammunition today in an op-ed piece in the Washington...

by Mark Silva and updated. President Barack Obama had one reaction to the story today about bonuses for banking executives benefiting from the $700-billion federal bailout already in progress. "Outrageous'' - that's the word from White House Press...

by James Oliphant With the Obama administration facing a make-or-break week for enacting a massive economic stimulus package, officials ramped up pressure on lawmakers Sunday to waste no time sending the bill to the president for his signature....