Bush and House in Accord for $150 Billion Stimulus
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The deal capped a series of fast-paced and intense negotiations after both parties had to agree to numerous compromises after more than a year of acid relations.
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The White House and the Democratic-led Congress have reached a tentative deal on a $150 billion economic stimulus plan that includes tax rebates for wage earners and business investment incentives, congressional sources said on Thursday.
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President Bush signed legislation to send $300 to $1,200 rebate checks to millions of Americans as a âbooster shotâ for the economy.
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President George W. Bush hopes a $150 billion economic stimulus package will avert a recession in his final year in office but he also faces another problem: worsening budget deficits.
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Senate Democrats will move to add to a $150 billion economic stimulus package rebates for senior citizens living off Social Security and an extension of unemployment benefits, setting up a clash with the White House and House leaders who are pushing a narrower package.
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Congress, facing the prospect of an election-year recession, passed an emergency plan Thursday that rushes rebates of $600 to $1,200 to most taxpayers and $300 checks to disabled veterans, the elderly and other low-income people. President Bush indicated he would sign the measure.
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An agreement in the Senate appeared within reach on an economic-stimulus program on Thursday.
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The House voted to approve a $146 billion fiscal stimulus package, hoping to quickly seal a fast-paced deal with the Bush administration. But Senate Democrats forged ahead with their own, more expensive plan.
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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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Congress approved a $145.9-billion package of tax relief Thursday that extends three popular middle-class tax cuts, giving President George W. Bush his fourth major tax victory since taking office.
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President George W. Bush told  lawmakers on Thursday he wants tax rebates for families and  breaks for businesses in a rescue plan for the struggling U.S.  economy that could total up to $150 billion.
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The US House of Representatives approves a major financial package designed to stimulate the US economy.
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President Bush has decided that an economic stimulus package is needed to help the sagging economy, the White House said Thursday
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The White House and U.S. lawmakers were pushing on Wednesday to reach a deal 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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Democratic and Republican leaders of the House of Representatives agreed on Wednesday to develop a bipartisan economic stimulus plan to help avert a possible recession.
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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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President Bush said in an interview on Monday that Congress could help hold off a recession by passing a stimulus package.