Bush open to options on economy package
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President George W. Bush was open to a bigger economic stimulus than the $150 billion package he has proposed, the White House said on Tuesday as turmoil in world financial markets and fears of a recession prompted lawmakers to call for urgent action.
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Federal Reserve chief Ben S. Bernanke told lawmakers today it is "critically important" that any economic stimulus package take effect quickly if it is to help ward off recession, and the White House announced that President Bush would make a speech Friday laying out his criteria for such a program.
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WASHINGTON - Amid signs that the economy is cooling, President Bush is showcasing initiatives for a second term under the banner of an "ownership society" in hopes of bolstering his economic stewardship credentials.    His platform includes initiatives to help people buy homes, start businesses, hone job skills and set up tax-free retirement and health care accounts - plus a still unspecified tax-code overhaul...
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President Bush's slimmed-down budget proposal is just one of the conservative fiscal policies he plans to push in his second term as he tries to continue expanding the economy and improve the slowly recovering job market.
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President Bush's plans to help spur job creation in his second term:
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President George W. Bush on Thursday said he would consider "all options" to help the U.S. economy weather a deep housing slump but said the economy was fundamentally strong.
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U.S. President George W. Bush's fiscal 2009 budget proposal released on Monday takes into account that the U.S. economy is facing a slowdown, the White House said.
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President Bush today opened talks with a bipartisan group of congressional leaders on an economic stimulus package and said he was optimistic that he and lawmakers could find "common ground" on measures aimed at heading off a U.S. recession.
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President George W. Bush will offer ideas on Friday for shoring up the fragile U.S. economy, as he and the Democratic-led Congress move forward with talks on a plan to avert a recession.
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President Bush said on Saturday he  would consider ideas from Democrats as well as Republicans as  he pursues an overhaul of Social Security and other economic  priorities but insisted any fix to the retirement program  should not involve tax increases.
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Stocks were set to open 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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President Bush gave a wide-ranging speech about the economy yesterday, but proposed no new policies to deal with the emerging economic distress. Instead, he asked Congress to take up various actions that have been mainstays of the administration's second-term economic policy.
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Treasury Secretary Henry Paulson said on Monday the Bush administration was considering how to give the economy a boost as it weathers a housing correction, but does not want to rush.
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Saying the nation's flagging economy urgently needs "a shot in the arm," President Bush called today for an economic stimulus package centered on tax rebates and incentives, but declined to specify how large the rebate checks should be, leaving the matter up for negotiation with Congress.
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President Bush said on Wednesday it  was up to the markets to decide the value of the dollar against  the euro and added that a new rate hike by the Federal Reserve  was an indication of concern about the weak dollar.
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President Bushâs suggestion of an economic stimulus package is the clearest indication yet of a growing concern inside the White House over the possibility of recession.
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President Bush continued his call Sunday for a simpler tax system and aides said he is considering a flat tax, which would have the same income-tax rate for most taxpayers