Obama to sign stimulus bill today - KWWL - Eastern Iowa Breaking News, Weather, Closings

Obama to sign stimulus bill today


WASHINGTON (KWWL) - President Barack Obama signs his sweeping economic rescue package into law Tuesday in Denver.

The $787 billion stimulus plan offers a massive jolt to an economy in trouble. Obama says the combination of spending and tax cuts isn't a cure-all, but will help spark a turnaround.

It was not the bipartisan triumph the president had hoped for. Just three Republicans backed it in the Senate, and zero in the House. And while Obama calls it the right size and scope, GOP leaders say it's bloated and likely to be ineffective.

Obama is signing the measure at Denver's Museum of Nature & Science, to spotlight its cash for "green" technology. That's one of several areas where the bill aims to create jobs and invest in the future.

Online Executive Producer Nate Leding

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