Converting the government’s preferred Troubled Asset Relief Program shares into common stock remains an option if stress tests determine that certain banks need more capital, a Treasury Department spokesperson said Monday. Treasury took that very measure with Citigroup (C: 2.86, -0.09, -3.05%) earlier this year when Citi needed to shore up its capital reserves. Common [...]

Many of you have asked for a list of the pork items in the 2009 stimulus bill. We are building a list from different sources. • $2 billion earmark to re-start FutureGen, a near-zero emissions coal power plant in Illinois that the Department of Energy defunded last year because it said the project was inefficient. [...]
Why the Stimulus Bill Won’t Fix Economy First to put you into a greater mindset of the size of this “massive stimulus package” I’m going to ask you two questions. The total cost of this package is estimated to be around $1,000,000,000,000 (one trillion dollars). 1) How much US currency is in circulation today? It [...]
Where do you find a copy of the stimulus bill? We have it for you here. This is HR 1 Early Feb Edition, in its full form as a PDF. Download stimulus bill here Keep in mind this bill is over 600 pages long. We will also keep updates on file of newer versions as [...]
White House Releases State-By-State Employment Data on Impact of American Recovery and Reinvestment Plan WASHINGTON, D.C. – During a briefing with National Economic Council Director Larry Summers, the White House today released state-by-state data detailing the jobs impact of the American Recovery and Reinvestment Plan. Summers discussed President Barack Obama’s plan to create jobs, stimulate [...]