Obama unveils $120 billion stimulus plan
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Democrat Barack Obama on Sunday unveiled an economic stimulus package costing up to $120 billion that his campaign said would put money in the hands of workers and seniors, stem the foreclosure crisis and cover state budget shortfalls.
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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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Hillary Rodham Clinton on Friday called for Congress to pass an economic stimulus package that could cost as much as $110 billion to help low-income families keep their homes, to subsidize heating costs this winter and perhaps refund some taxes.
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A one-time tax rebate is at the heart of an economic stimulus package being negotiated by House leaders and Treasury Secretary Henry Paulson on Wednesday.
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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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The House of Representatives on Thursday gave final approval to a $151 billion economic stimulus package that President George W. Bush is expected to sign into law.
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Democratic presidential candidate Barack Obama is proposing more than $80 billion in annual tax relief for workers and seniors funded by an increase on wealthier investors.
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President Bush on Wednesday signed the Economic Stimulus Act of 2008, calling it a "booster shot" for the American economy.
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The U.S. Senate Finance Committee approved a $157 billion economic stimulus package on Wednesday that offers smaller tax rebates to more people than a plan passed by the U.S. House of Representatives.
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The House today overwhelmingly approved a $146 billion economic stimulus package that would provide rebate checks to taxpayers. The measure now goes to the Senate, where some Democrats want to amend it to add more benefits. President Bush wants the bill passed as is, so that it can be put to use more quickly to boost the economy.
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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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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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A tax-cutting plan to balance the budget, add jobs and jump-start the economy.
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The House overwhelmingly approved a $146 billion shot in the arm for the nation's ailing economy yesterday, sending a stimulus package to the Senate with a bipartisan appeal not to slow down the bill with significant changes.
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Seeking to take the lead on economic issues, Democratic presidential contender Hillary Clinton on Friday proposed a $70 billion emergency spending package to help victims of the U.S. housing crisis and stave off what she sees as a coming recession.
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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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Democratic leaders in the U.S. House  of Representatives on Tuesday began laying the groundwork for  an economic stimulus plan of about $100 billion that likely  will include tax rebates to help stave off a possible  recession.