stimulus spending

Speaking at a White House press conference, President Obama named Austan Goolsbee as his new top economic adviser. He has a "deep appreciation of how the economy affects everyday people," Obama said.

After decades of languishing while financial services flourished, U.S. manufacturers are posting a stronger-than-expected rebound. An 11% sales gain in May makes Caterpillar a bright spot -- and it's not alone. [With video]

The federal government should give tax breaks to small businesses in order to hasten job creation, President Barack Obama said Tuesday as part of his latest plan to fight stubbornly high unemployment. The president also called for further investments in infrastructure and energy efficiency.