Paulson: No recession ahead, tax rebates coming
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Treasury Secretary Henry Paulson on Wednesday stood by his view that the U.S. economy will avoid recession this year and said the Treasury will act quickly to distribute tax rebate payments.
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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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While the U.S. economy is at some risk of a slowdown, it will probably avoid a recession, and any downturn is unlikely to be severe, Dallas Fed President Richard Fisher said on Thursday.
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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, including tax rebates of at least $300 a person Â and maybe as much as $800.
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A one-time tax rebate is at the heart of an economic stimulus package being negotiated by House leaders and Treasury Secretary Henry Paulson on Wednesday.
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The U.S. economy will be penalized by  the current crisis in credit markets but the overall outlook  was still benign, U.S. Treasury Secretary Henry Paulson said in  a newspaper interview published on Thursday.
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Tax rebate checks will begin going out in May, Treasury Secretary Henry Paulson said after the House's passage of a Senate-approved $167 billion economic stimulus package Thursday.
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Congressional leaders and Treasury Secretary Henry Paulson are narrowing their differences in search of a bipartisan economic stimulus deal that could move swiftly through Congress.
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U.S. Treasury Secretary Henry Paulson on  Wednesday predicted stable growth for the U.S. economy but he  made no remarks on the yen or financial markets which are  jittery after more than a week of turmoil.
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Treasury Secretary Henry Paulson  said on Wednesday he was concerned special interest groups were  lining up for handouts in an economic stimulus bill and urged  senators to keep it focused on simple tax rebates.
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U.S. Treasury Secretary Henry Paulson   said on Monday a strong U.S. dollar was in the interest of the   United States and he was not seeking any "quick fixes" on   China's currency situation.
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U.S. Treasury Secretary Henry Paulson  said on Tuesday that a weakened housing market will not have a  major impact on the U.S. financial sector, which he described  as quite healthy.
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Treasury Secretary Henry Paulson will  deliver remarks Tuesday morning on the economy, housing and  credit markets in a scheduled speech before a gathering  sponsored by the U.S. Chamber of Commerce in Washington.
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The United States is strongly committed to a strong U.S. dollar and financial markets there are recovering from the subprime crisis, some quicker than others, U.S. Treasury Secretary Henry Paulson said on Tuesday.
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KANSAS CITY, Mo  - U.S. Treasury Secretary Henry Paulson, on the second day of a tour seeking to build support for a mortgage relief plan, said on Tuesday it was not a bailout for people who made bad decisions.
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Don't expect lawmakers to stave off a downturn, if that's where the economy is headed.
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US Treasury Secretary Henry Paulson said Wednesday the world's economy was in good shape despite stock market turmoil as he headed to China and talks on reforms and the currency.