Showdown Nears on Stimulus Bill
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With bipartisan support, the Senate Finance Committee yesterday approved a $157 billion economic stimulus plan that rivals the measure fashioned by President Bush and House leaders, setting up a Senate showdown today that could determine who will receive rebates from the federal government and how...
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A stimulus package to boost the U.S. economy and avoid a full-fledged recession could be ready by the beginning of March, a senior Democratic lawmaker said on Sunday.
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The White House and the Democratic-led Congress on Thursday reached a tentative deal on an economic stimulus package of tax rebates for families and incentives for business investment with a cost that a top Democrat said may exceed $150 billion.
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The House voted Tuesday to rush rebates of $600-$1,200 to most taxpayers, but a partisan battle brewed in the Senate over Democrats' efforts to add jobless aid and help for the poor to the economic stimulus package.
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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 bitter battle for seats in Congress headed into its final showdown last night, with Republicans struggling to hang onto their threadbare
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The looming political battle over how to reform the tangled US income tax code could get ugly. But one option, a tax aimed at boosting savings, holds promise.
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Democratic leaders in the U.S. House of Representatives on Tuesday began laying the groundwork for an economic stimulus plan of about $100 billion that likely will include tax rebates to help stave off a possible recession.
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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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Employers who fail to pay their workers or neglect to pay them in a timely manner would be hit with triple damages under a bill passed by the Legislature this week and sent to Governor Mitt Romney, who must decide by Thursday whether to sign it into law.
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The fate of rebate checks for more than 100 million Americans is in limbo after Senate Republicans blocked a bid to add $44 billion to the House-passed economic aid package
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The US Senate fails to agree on a different version of the White House-backed economic stimulus plan.
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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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The House voted on Tuesday to approve a $146 billion fiscal stimulus package, but the bipartisan deal is at risk as Senate Democrats forged ahead with their own, more expensive plan and jockeyed over what to include in it.
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An agreement in the Senate appeared within reach on an economic-stimulus program 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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Bill would speed rebates to most taxpayers, including disabled veterans and the elderly.