Bush, Congress strike deal on economic plan
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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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House Democratic and Republican leaders appeared close to agreement with the White House Wednesday night on a significantly reworked package of emergency tax cuts to jolt the economy out of its slump.
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WASHINGTON - Legislation extending three popular middle-class tax cuts for the rest of the decade sailed through Congress by lopsided votes in both the House and Senate, giving President Bush a major legislative victory on his signature economic issue, tax relief.    Many Democrats complained during debate Thursday that the majority Republicans who control Congress should have offset the lost revenue to keep the nation's soaring deficits from getting worse...
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President Bush speaks at the White House Conference on the Economy at the Ronald Reagan Center, Thursday, Dec. 16, in Washington. (AP Photo/Ron Edmonds).
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Bloomberg - Jan. 14 (Bloomberg) -- President George W. Bush and Treasury Secretary Henry Paulson face a choice: Deliver an economic stimulus plan that has a chance of passing Congress, or stick to their ideological guns, risk doing nothing and possibly pay a price in the 2008 elections.
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President Bush said in an interview on Monday that Congress could help hold off a recession by passing a stimulus package.
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WASHINGTON â Congressional leaders agreed Tuesday that the House would take the lead on legislation intended to stabilize the economy, giving the speaker, Nancy Pelosi, and Representative John A. Boehner, the Republican leader, primary responsibility for reaching an agreement with the White House.
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The U.S. Congress on Thursday agreed  to extend popular tax cuts for children and married couples,  giving President Bush an election-year victory on his core  economic issue.
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Amid reports of a tentative of deal between lawmakers and the Bush administration on a proposed stimulus package for the U.S. economy, the White House said on Thursday that there is no final agreement yet but there is progress.
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Legislation extending three popular middle-class tax cuts for the rest of the decade sailed through Congress by lopsided votes in both the House and Senate, giving President Bush a major legislative victory on his signature economic issue, tax relief.
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President Bush makes remarks during a White House conference on the economy, Wednesday, Dec. 15, 2004, in Washington. The administration is hoping to build momentum for Bush&#39;s ambitious second-term agenda
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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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President George W Bush signs off the two-year bipartisan $167bn (Â£86bn) US economic stimulus plan.
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A consensus that the struggling U.S. economy needs a rescue emerged on Thursday as the powerful Federal Reserve chairman backed the idea and President George W. Bush made clear he would offer a plan soon.
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In his first news conference since winning a second term in office, President Bush touched on a variety of economic issues Thursday, from reducing the budget deficit to revamping Social Security and the tax code.
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The ritual pledges of political cooperation are in place. Now the challenge for a lame duck Bush administration and an election-year Congress is to agree swiftly on an economic stimulus plan.
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The House of Representatives on Tuesday overwhelmingly approved a $146 billion election-year economic stimulus plan backed by President George W. Bush.