Senate could act on stimulus plan next week
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Economic stimulus legislation aimed at helping avert a U.S. recession might not be passed by the U.S. Senate until as late as Tuesday, Senate Majority Leader Harry Reid said on Thursday.
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A stimulus package to boost the U.S. economy and avoid a full-fledged recession could be ready by the beginning of March, a senior Democratic lawmaker said on Sunday.
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A plan to send $500-$1,000 rebates to all but the richest taxpayers advanced in the Senate Wednesday after Republicans and Democrats teamed to add aid for disabled veterans, the elderly and the unemployed to a House-passed economic recovery bill.
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The Senate was poised today to vote on a bill that will provide $136 billion in new tax breaks for businesses and other groups and $10.
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Supporters of a major rewrite of corporate tax law are optimistic they will be able to complete congressional action this week on legislation needed
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United for urgent action, the White House and Congress raced toward emergency steps Thursday to rescue the national economy from a possible recession
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The Iraq war debate in Congress is expected to heat up this week as the Senate takes up a major defense spending bill and the Pentagon rushes to finish a report on the war's progress.
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President Bush is putting together his first public call for an emergency fiscal stimulus bill while negotiations on Capitol Hill focus on rebates for taxpayers and other steps to jump-start the sagging economy
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The House voted on Tuesday to approve a $146 billion fiscal stimulus package, but the bipartisan deal is at risk as Senate Democrats forged ahead with their own, more expensive plan and jockeyed over what to include in it.
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The $146 billion economic aid package on a fast track to passage in the House faces an uncertain future in the Senate, where lawmakers in both parties are trying to tack on billions for senior citizens and the unemployed.
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The Senate is expected to follow the lead of the House and pass a major overhaul of corporate tax law that would dole out $136 billion in new tax breaks to a wide array of US companies and provide a $10.
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The House voted to approve a $146 billion fiscal stimulus package, hoping to quickly seal a fast-paced deal with the Bush administration. But Senate Democrats forged ahead with their own, more expensive plan.
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Democratic presidential contender Hillary Clinton on Friday will propose a $70 billion emergency spending package and possibly another $40 billion tax rebate to counter what she sees as a coming recession, according to the New York Times.
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An economic stimulus package to help stave off recession is on the fast track in Congress after Democratic and Republican leaders in the House of Representatives on Wednesday reached a rare agreement to quickly pull together a bipartisan plan.
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The Senate Finance Committee  approved a $157 billion economic stimulus package on Wednesday  that offers smaller tax rebates to more people than a plan  passed by the House of Representatives.
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Retirees living off Social Security are frustrated that they won't get tax rebate checks through a bipartisan economic stimulus package before the House. Senate Democrats Friday began efforts to include them.
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The Federal Reserve is likely to follow its bold action last week to battle an economic downturn with further interest rate reductions