House Democrats Agree on Stimulus
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Talks with the White House over a $145 billion economic package would bypass the normal committee process.
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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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Yielding to Republican demands that the first minimum wage hike in a decade be coupled with tax cuts for small businesses, the Democratic-led U.S. House of Representatives is preparing a $1 billion tax package, a senior Democrat said on Wednesday.
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Senate Democrats agreed Thursday to only add checks for seniors and disabled veterans to an economy rescue package of rebates for most taxpayers and business tax cuts.
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Economic stimulus proposals favored by Democrats, including tax rebates, extended unemployment benefits and a temporary increase in food stamps are cost-effective ways for Congress to try to boost the economy, the Congressional Budget Office said Tuesday.
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House Democratic and Republican leaders appeared close to agreement with the White House Wednesday night on a significantly reworked package of emergency tax cuts to jolt the economy out of its slump.
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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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Any rebate included in an economic stimulus plan should include people who pay Social Security taxes, not just those who pay income taxes, a leading Democratic lawmaker said Sunday.
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With unprecedented speed and cooperation, Congress and the White House forged a deal Thursday to begin rushing tax rebates of $600 to $1,200 to most tax filers by spring, hoping they will spend the money just as quickly and jolt the ailing economy to life.
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After a year of partisan combat and legislative stalemate, President Bush and Democratic congressional leaders came together yesterday for a holiday season consensus as they enacted legislation to promote energy efficiency and reduce greenhouse gas emissions.
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The House on Saturday unanimously approved &#36;14.5 billion for hurricane victims and struggling farmers as Congress moved a step closer to showering money on Florida and other pivotal states in the upcoming elections.
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TORRANCE, Calif., Jan. 30 -- President Bush teamed up with California Gov. Arnold Schwarznegger on Wednesday afternoon to press Congress to move quickly on his economic stimulus package, telling workers here that the Senate should simply accept the $146 billion accord that passed the House this w...
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U.S. lawmakers and the White House have reached a tentative deal on an economic stimulus plan, an aide close to the negotiations said on Thursday.
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The U.S. House of Representatives on Tuesday overwhelmingly approved a plan to give the U.S. economy a $146 billion election-year boost through tax rebates and other measures to stave off a possible recession by boosting business and consumer spending.
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The Senate Finance Committee on Wednesday passed an economic stimulus package that would inject close to $200 billion into the economy over two years in an attempt to stave off recession.
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A legislative package to stimulate the U.S. economy and avert a possible recession could be passed by Congress and signed into law by President George W. Bush within a month, House Majority Leader Steny Hoyer said on Wednesday.
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A bipartisan accord in the House calls for a $150 billion spending plan, including significant tax rebates. But senators may want add-ons.