Bush, Congress strike deal on economic plan
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President George W. Bush and congressional leaders agreed on Thursday on a $150 billion package of tax rebates and business incentives meant to ward off a recession in the world's largest economy.
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President George W. Bush on Friday called on Congress to give the U.S. economy a "shot in the arm" with an election-year package of temporary tax cuts and other measures worth up to $150 billion.
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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 workers and business investment incentives, congressional sources said on Thursday.
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President Bush's speech on Thursday to the Republican convention offers him a chance to seize the initiative in an economic debate that polls show is being won by his Democratic rival, John Kerry.
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President Bush is giving Congress a fresh assessment of the troubled economy as he prepares to sign a $168 billion stimulus package into law.
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President George W Bush signs off the two-year bipartisan $167bn (Â£86bn) US economic stimulus plan.
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President Bush speaks at the White House Conference on the Economy at the Ronald Reagan Center, Thursday, Dec. 16, in Washington. (AP Photo/Ron Edmonds).
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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 in an interview on Monday that Congress could help hold off a recession by passing a stimulus package.
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House leaders and the White House reached a tentative deal on a package that would pay stipends of $300 to $1,200 per family and provide tax incentives for businesses.
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U.S. President George W. Bush insisted on Wednesday that the economic stimulus package he is working on with Congress will be robust enough to help the U.S. economy.
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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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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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By David Morgan SANTIAGO, Chile  - President Bush will renewpressure on Congress to reach agreement on intelligence reformsthis year, after a weekend deal collapsed in the face ofRepublican opposition, the White House said on Sunday.
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The House of Representatives on Tuesday overwhelmingly approved a $146 billion election-year economic stimulus plan backed by President George W. Bush.
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President Bush is putting together his first public call for an emergency fiscal stimulus bill while negotiations on Capitol Hill focus on rebates for taxpayers and other steps to jump-start the sagging economy
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House Ways and Means Chairman Charles B. Rangel (D-N.Y.) vowed today to reach accord with congressional Republicans and President Bush over an economic stimulus package, even snubbing his presidential candidate, Hillary Rodham Clinton, in the interest of bipartisanship.