Bush, Congress discuss $150 billion lift to economy
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President George W. Bush told lawmakers on Thursday he wants tax rebates for families and breaks for businesses in a rescue plan for the struggling U.S. economy that could total up to $150 billion.
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President Bush on Wednesday signed a multibillion-dollar economic rescue package on Wednesday that means $300 to $1,200 rebates for many American households.
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President George W. Bush and congressional leaders agreed on Thursday on a $150 billion package of family tax rebates and business incentives meant to ward off a recession in the world's largest economy.
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The White House said on Thursday it was moving closer to unveiling a plan to lift the fragile economy and President George W. Bush hopes he can reach a quick agreement on it with the Democratic-led Congress.
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Republican and Democratic leaders agreed to extend $150 billion worth of tax cuts sought by President Bush without trying to pay for them.
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A bipartisan accord in the House calls for a $150 billion spending plan, including significant tax rebates. But senators may want add-ons.
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Congressional leaders and Treasury Secretary Henry Paulson negotiated into the evening on a $150 billion deal to boost the economy -- a sign of urgency as the U.S. deals with an economic slowdown. House Minority Leader John Boehner left the talks saying he was "hopeful," adding: "We'll have more to say" Thursday.
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President George W. Bush on Friday called on Congress to give the U.S. economy a "shot in the arm" with an election-year package of temporary tax cuts and other measures worth up to $150 billion.
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Putting aside efforts to control the federal deficit before the elections, Republican and Democratic leaders agreed in principle on Wednesday to extend $150 billion
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The White House and U.S. lawmakers were pushing on Wednesday to reach a deal on an election-year economic package that President George W. Bush said would be "robust" enough to lift the economy out of the doldrums.
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Senate Democrats will move to add to a $150 billion economic stimulus package rebates for senior citizens living off Social Security and an extension of unemployment benefits, setting up a clash with the White House and House leaders who are pushing a narrower package.
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WASHINGTON -- President Bush sent a $2.90 trillion spending plan to a Democratic-controlled Congress on Monday, proposing a big increase in military spending, including billions more to fight the war in Iraq, while squeezing the rest of government to meet his goal of eliminating the deficit in five...
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President George W. Bush and Federal Reserve chairman Ben Bernanke on Thursday  threw their weight behind calls for a fiscal stimulus of up to $150bn as stocks fell to their lowest levels since October 2006.
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President George W. Bush on Friday called for a package of tax cuts and other measures totaling around $140 billion to shore up the fragile U.S. economy.
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President George W. Bush and congressional leaders agreed on Thursday on a $150 billion package of tax rebates and business incentives meant to ward off a recession in the world's largest economy.
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President George W. Bush hopes a $150 billion economic stimulus package will avert a recession in his final year in office but he also faces another problem: worsening budget deficits.
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Democrats running Congress and the Bush administration reached a tentative deal Thursday on $300-$1,200 tax rebates and business tax cuts to jolt the slumping economy