economic stimulus package

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Bush State of Union to Focus on Economy

Will stress need for recession-buster measures

(Newser) - During his final State of the Union address tonight, President Bush isn't expected to announce any dramatic new policy initiatives—but will emphasize the need for government action to ward off a recession. The speech, entitled “Trust and Empower,” will call on Congress to permanently extend his $1....

Senate Pushes for Add-Ons to Stimulus Bill

20 million seniors could still be left out of final bill

(Newser) - Senators are balking at yesterday's pleas from President Bush for speedy action on the economic stimulus bill, planning substantial additions and changes, reports the Washington Post.  Proposed additions include $12.5 billion in unemployment benefits, $5 billion in food stamps. and $800 million for winter heating for the poor....

US to You: $600 Check's in Mail
US to You: $600 Check's in Mail
UPDATED
Jan 24, 2008 10:39 AM CST

US to You: $600 Check's in Mail

Bipartisan compromise would put $600 in your pocket

(Newser) - Congress today announced an economic stimulus package that would put a $600 check in every American taxpayer's mailbox by early summer, sources tell CNN, and a likely $300 per child. The refunds are "there to strengthen the middle class, to create jobs and to turn this economy around,"...

Bush Legacy: US Awash in Ugly Red Ink

President came in with budget surplus, will leave massive debt

(Newser) - Washington’s sea of red ink is getting deeper as President Bush plans tax cuts and spending bumps to stimulate a foundering economy. Bush's policies have created a fiscal morass that puts his successor, Democrat or Republican, in a deep fiscal hole, and makes delivering on campaign promises difficult, Bloomberg...

Stimulus Likely To Be Recipe for Paralysis

Parties in sync now, but 'Act 2' sure to be partisan bickering

(Newser) - Get ready for that glow to wear off: The good feeling on Capitol Hill over a stimulus package will end as soon as the first deal is done, with Republicans and Democrats digging in on various economic cures. The next legislative round, Politico reports, will likely see GOPers fighting to...

Bush Vows Quick Boost for Economy
Bush Vows Quick Boost
for Economy
Jan 22, 2008 6:47 PM CST

Bush Vows Quick Boost for Economy

Gives bipartisan lawmakers 3 weeks to forge accord

(Newser) - President Bush pushed his fiscal stimulus plan with lawmakers today and vowed the bipartisan group will find "common ground," the Washington Post reports. The economic boost—which he set at $150 billion—will not kick in overnight, he warned, but said congressional leaders must reach an accord in...

Dem Debaters Get Feisty
Dem Debaters Get Feisty
UPDATED
Jan 21, 2008 8:35 PM CST

Dem Debaters Get Feisty

Policy talk devolves into bickering between Clinton, Obama

(Newser) - Hillary Clinton and Barack Obama drowned out policy talk in a South Carolina presidential debate tonight as they bickered over Ronald Reagan and what Obama called Clinton's "corporate" past, CNN reports. On economic policy, they wrangled over Senate votes as much as subprime bailout plans. “This kind of...

Bush Pitches $145B in Tax Relief
Bush Pitches $145B in
Tax Relief
Jan 18, 2008 11:54 AM CST

Bush Pitches $145B in Tax Relief

Stimulus plan includes business incentives, individual rebates

(Newser) - President Bush today called for a $145 billion stimulus package to stop the economy from sliding into a recession, the Wall Street Journal reports. A bipartisan plan loaded with compromises is likely in the near future. Valued at 1% of GDP—and in line with dollar amounts suggested by the...

Bush Favors Tax Rebates for Stimulus

Congress considers refunds of up to $800 as recession fears grow

(Newser) - President Bush's plan to give the economy a temporary lift favors tax rebates of up to $800 for individuals and tax breaks for businesses, the AP reports. Bush met privately with lawmakers today and will outline his plan tomorrow. Congress hopes to act quickly as fears of a recession grow....

Bernanke Backs Quick Bailout
Bernanke Backs Quick Bailout
Jan 17, 2008 10:50 AM CST

Bernanke Backs Quick Bailout

Fast, temporary stimulus would buoy flagging economy, Fed chief tells Congress

(Newser) - The country needs a federal stimulus package ASAP, Federal Reserve Chairman Ben Bernanke told the House Budget Committee today, advocating immediate legislation designed “so its effects on aggregate spending are felt as much as possible within the next 12 months.” But he said the package should be “...

Bernanke Backs Stimulus Plans for Economy

Fed chief wants aid package that's quick and temporary

(Newser) - Ben Bernanke insists he won’t take sides in a congressional fray over how to revive the nation’s flat-lining economy. But the Fed chief says he will support an economic stimulus package—be it GOP tax cuts or Democrats' increased spending—as long as it is quick and temporary,...

Congress, Bush Push Stimulus Plan
Congress, Bush Push Stimulus Plan
Jan 12, 2008 8:55 AM CST

Congress, Bush Push Stimulus Plan

Smelling recession, two parties step up effort for economic relief package

(Newser) - With Democrats and Republicans increasingly spooked about a looming recession, the two sides appear ready to work together on an economic stimulus package of about  $100 billion in tax cuts and spending, the New York Times reports. Reps. Nancy Pelosi and Harry Reid yesterday wrote to President Bush, "We...

Clinton Unveils $70B Fix for Economy

GOP hopefuls attack plan and each other; Bush mulls tax rebate

(Newser) - Hillary Clinton upstaged her rivals today by proposing $70 billion in emergency spending to help avoid a US recession, Reuters reports. Her plan would include $30 billion for homeowners, $25 billion for families with high energy bills, and another $15 billion aimed at unemployment insurance and alternative energy plans—all...

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