LOOKING UP

Economy's ‘Encouraging Signs’

The stimulus is already impacting consumer behavior, according to White House National Economic Council Director Larry Summers. He credits the government intervention with helping to stabilize the drop in consumer spending, a major component of the GDP. "Key credit spreads are already substantially narrower than they were last fall," he said in a speech today at the Brookings Institution in D.C. But he added, "No one can know just when its positive effects will be fully felt."