President Barack Obama drafted the 2009 Stimulus Package which was passed by the Congress after several revisions on February 13, 2009. Obama signed the stimulus bill into law on February 17, 2009.

On April 29, 2009, Congress approved a five-year $3.5 trillion federal budget plan. The House voted to pass the budget by 233-193 and then the Senate approved with a 53-43 vote. The budget approval came just hours before President Obama's scheduled White House press conference to discuss his first 100 days in office.Politico: Congress Passes $3.5T Budget Plan (April 29, 2009)

On February 24, 2009, Obama delivered a prime-time address to a joint session of Congress and to the nation. The speech focused heavily on the ongoing financial crisis and the economy in general, including the issues of education, health care, the budget deficit and energy.The New York Times: Amid Gloom, Obama Pledges a Recovery (February 24, 2009)

On February 21, the NY Times released additional details about Obama's ongoing plans to deal with the sinking U.S. economy. The proposals suggest cutting the deficit in half by 2013 despite a large-scale increase in spending over 2009 and 2010, eventually trimming the budget by making fewer "emergency" appropriations for the wars in Iraq and Afghanistan and making public health care systems more efficient.The New York Times: Obama Planning to Slash Deficit, Despite Stimulus Spending (February 21, 2009)

The Obama administration announced that the government plans to buy up to a half-trillion dollars in bad bank assets. The proposal is in attempt to curb the tightening of the credit market. Treasury Secretary Timothy Geithner defends the decision stating that government intervention is needed to shorten the recession.The Houston Chronicle: Administration seeks to free frozen... (March 23, 2009)

On April 2, 2009, the U.S. House of Representatives approved a $3.4 trillion budget plan which was in line with Barack Obama's original proposal. The passing of the plan occurred following the defeat of an alternative bill composed by Republican representatives.Reuters: House approves budget plan in line with Obama's

President Barack Obama had urged Congress to act quickly on his $825 proposed stimulus package. The stimulus bill was passed by the U.S. House of Representatives on January 28, 2009, and cleared a procedural hurdle in the Senate on a 61-36 vote on February 9, 2008. On February 10, the $838 billion Senate version passed on a 61-37 vote, but was later rejected by the House.CNN>com: Stimulus bill clears critical hurdle (February 9, 2009)CNN.com: For House and Senate, it's time to compromise (February 10, 2009) The final bill was a compromise between the House and the Senate.

On February 26, 2009, Obama presented Congress with a 140-page summary of the fiscal budget. One of the president's main goals is to cut the $1.3 trillion deficit in half by 2013. The budget in its entirety will be released in April 2009.CNN: Obama submits budget blueprint (February 26, 2009)

On March 2, 2009, the White House brought a $410 billion omnibus spending bill to the Senate. The measure contains overdue spending bills from 2008, and 9,000 earmarks added by both parties, accounting for no more than 2% of the bill. The Republicans now say they will by saying they would make changes and extend the interim spending bill.New York Times: Catch-Up Spending Bill Puts Congress Under Pressure (March 2, 2009) Politico: Angry McCain slams Obama (March 2, 2009)