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Annual Report to the President on Progress Implementing the American Recovery and Reinvestment Act (1st) "Predictions at the outset of the Recovery Act warned of the potential for wide spread fraud. To combat this, Congress and the Administration put in place mechanisms to deter this fraud, including enhanced project reviews by agencies and the Office of Management and Budget, oversight of all spending and contracts by a team of 12 Inspectors General who make up the Recovery Accountability and Transparency Board, and focused work by the Justice Department’s Anti-Fraud Task Force on ‘Recovery Act activities. " " Today, we are...

NEW YORK (Reuters) - President Barack Obama's multi-tasking abilities will be tested this week as he juggles war, diplomacy and finance on the world stage while dealing with the American public's top concern: the U.S. economy. As he prepares for three days of meetings at the United Nations followed by a two-day global financial summit in Pittsburgh, Obama seems determined not to let up on his drive to reassure his domestic audience about his handling of issues at home such as the economy and healthcare. Before going to New York City for the U.N. meetings, Obama visited Troy, a community...

President Barack Hussein Obama will hold a prime time press conference, his first as president, Monday night in an effort to rally the public behind the stimulus bill.Obama has been pummeled and lost control of perceptions of his nascent presidency as several of his nominees have been embroiled in tax and lobbying scandals that undermine Obama's promise of change in the corrupt ways of Washington. Support for his effort to wrest control of the economy has plunged as Rush Limbaugh and Republicans have dominated the debate on what has come to known as the "porkulus" bill for its astronomical sums...