Schumer pushes for economic stimulus
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Congress and the White House need to work together to get the U.S. economy back on track, a leading Senate Democrat said Saturday.
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With taxes on private equity and hedge funds front and center, many in the industry are looking to Charles E. Schumer, Democrat of New York, for help.
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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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Republican presidential  contender Mitt Romney said on Saturday his $233.4 billion U.S.  economic stimulus plan would rescue an economy on the "tipping  point" of recession.
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A consensus that the struggling U.S.  economy needs rescue emerged on Thursday as the powerful  Federal Reserve chairman backed the idea and President George  W. Bush urged a quick and temporary fiscal package.
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The President calls on Congress to pass a stimulus plan, health-insurance tax breaks, and education reform while trimming pork-barrel spending.
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US Representative John Spratt of South Carolina said the Federal Reserve should ``go lightly&#39;&#39; on raising the benchmark interest rate because of the economy.
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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 U.S. House of Representatives on Wednesday reached a rare agreement to quickly pull together a bipartisan plan.
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An economic aid plan to send rebates of $600-$1,200 to most taxpayers passed a key test Monday in the Senate, where Democrats are pushing to add more than $40 billion in help for seniors, disabled veterans and the unemployed.
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Investor's Business Daily - President Bush on Friday called for a $140 billion to $150 billion stimulus package, saying the U.S. needs a "shot in the arm" to keep housing woes from spreading.
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Federal Reserve Chairman Ben Bernanke has indicated he is open to congressional and White House efforts to develop a rescue package to avert a recession
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President George W. Bush on Friday will outline how large an economic stimulus package should be as he and lawmakers try to craft one aimed at warding off a recession, the White House said.
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President Bush urged Congress today to quickly pass the economic stimulus plan that would give Americans tax rebate checks. But many Senate Democrats want to include extended unemployment benefits in the plan -- a provision House Democrats agreed to drop.
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President George W. Bush called on Congress on Friday 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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Amid new worries about a possible recession, the housing slump and rising oil prices, President Bush is exploring an economic stimulus package to reinforce the U.S. economy.
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Seeking to take the lead on economic issues, Democratic presidential contender Hillary Clinton on Friday proposed a $70 billion emergency spending package to help victims of the U.S. housing crisis and stave off what she sees as a coming recession.
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Washington Post business columnist Steven Pearlstein discusses what economic stimulus package makes the most economic and political sense.