Bush, Congress discuss $150 billion lift to economy
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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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President George W. Bush believes a short-term boost is needed to deal with the softening in the U.S. economy, the White House said on Thursday amid what it described as "mixed" economic data.
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A two-day White House-sponsored conference on the economy is aimed at boosting President Bush's proposals for more tax cuts, freer trade, tort reform and Social Security changes.
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President George W. Bush on Friday plans to call for an economic stimulus package equal to about 1 percent of U.S. gross domestic product, according to a White House document obtained by Reuters.
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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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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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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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WHITE SULFUR SPRINGS, W-Va., Jan. 25 -- President Bush, facing skeptical lawmakers for the first time since negotiating a bipartisan $150 billion economic stimulus package with House leaders, warned Congress today not to load it up with spending projects or delay in sending it to his desk for...
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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 on Wednesday signed a multibillion-dollar economic rescue package on Wednesday that means $300 to $1,200 rebates for many American households.
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A consensus that the struggling U.S. economy needs a rescue emerged on Thursday as the powerful Federal Reserve chairman backed the idea and President George W. Bush made clear he would offer a plan soon.
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Some quotes Friday from the presidential candidates regarding President Bush's call for an economic package worth about $145 billion:
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U.S. President George W. Bush is preparing to ask Congress for as much as $50 billion in additional funding for the war in Iraq, The Washington Post reported on Wednesday, citing a White House official.
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U.S. News & World Report - With a presidential election less than 300 days away and the economic expansion listing badly, the White House and Congress are cooking up a recipe for fiscal stimulus. President Bush this morning called for about $145 billion worth of tax relief and other incentives to stimulate a sagging economy and fend off a possible recession. He said a growth package must include tax incentives for business investment and "direct and rapid" tax relief for individuals. Here is the skinny:
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President George W. Bush would like to see a package of tax cuts and other measures totaling around $140 billion to shore up the fragile U.S. economy, a White House document showed on Friday.
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Congressional leaders and Treasury Secretary Henry Paulson negotiated into the evening on a $150 billion deal to boost the economy -- a sign of urgency as the U.S. deals with an economic slowdown. House Minority Leader John Boehner left the talks saying he was "hopeful," adding: "We'll have more to say" Thursday.
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Investor's Business Daily - President Bush on Friday called for a $140 billion to $150 billion stimulus package, saying the U.S. needs a "shot in the arm" to keep housing woes from spreading.