White House moving closer on stimulus: spokesman
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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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President Bush said on Saturday his tax cuts were working to lift growth but a senior aide acknowledged the economy had hit a "soft patch" over the last six or eight weeks.
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The White House on Tuesday opened the door to expanding an economic stimulus plan to revive the ailing U.S. economy when a top official offered to extend a tax rebate to some 20 million retirees and disabled veterans.
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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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Stock futures were little changed on Wednesday as worries about recession offset optimism on news the White House is considering a stimulus package to spur the economy.
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As a White House economic conference gets underway, the administration forges ahead on the president&#39;s agenda - and on selling it to the public.
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Pushing deficit concerns aside, Democratic and Republican leaders appeared close to agreement with the White House Wednesday night on emergency tax cuts and benefit increases to jolt the economy out of its slump.
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The White House and U.S. lawmakers moved closer on Wednesday to agreement 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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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 Bush will propose squeezing substantial savings next year from domestic programs, giving them less than the 2.3 percent increase they would need to keep pace with inflation, the White House budget director said Thursday.
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Democrats acknowledged that a vote on the $161 billion economic stimulus package might have to be delayed.
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The US economy is expected to slow to a still-solid 3.5 percent growth pace in 2005, allowing it to trim a record budget shortfall, the White House said.
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The White House on Monday acknowledged  the U.S. economy had hit a rough patch but disagreed with  Democratic presidential contender Hillary Clinton's prediction  that a recession was looming.
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US president proposes stimulus package of about $145b to stave off recession as economy struggles
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The White House is stalling on unveiling its economics plan. Smart move.
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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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The White House on Friday said the U.S. economy was showing a "mixed" picture and was expected to be stronger later in the year after some of the effects of the housing market slump and high oil prices worked through it.