Tuesday, February 17, 2009

Obama Signs Stimulus Bill Into Law

DENVER - President Barack Obama signed into law Tuesday one of the most costly pieces of legislation in U.S. history — a $787 billion program to breathe life into the country's failing economy.

Speaking in Denver, the city where he won the Democratic presidential nomination last summer, Obama said the massive government spending and tax cut program opened the road for Americans to begin "laying claim to a destiny of our own making."

The president put his signature to the bill in a highly unusual ceremony away from the partisan tensions still gripping Washington. As he spoke in Denver, he was closing out his first month in office — opening days of a new administration that have seen a relentless storm of economic bad news and public pessimism. - MSNBC

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