Tentative Deal on Economic Stimulus Plan
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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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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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Key elements of rival House and Senate economic stimulus bills:
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Lawmakers have given their final seal of approval to a $170 billion plan intended to spark the slowing economy.
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Congress approved an economic stimulus package. The Treasury Department pressed lenders to reset mortgage rates for millions of troubled homeowners. And New York's insurance regulator is attempting to bail out a critical sector of the industry.
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The White House and U.S. lawmakers moved closer on Wednesday to agreement on an election-year economic package that President George W. Bush said would be "robust" enough to lift the economy out of the doldrums.
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Democratic and Republican congressional leaders reached a tentative deal Thursday on tax rebates of $300 to $1,200 per household and business tax cuts to jolt the slumping economy.
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What's in Â and what's out of Â the economic stimulus package being considered by Congress. The Senate approved its version of the plan Thursday. House leaders planned to act as early as Thursday night to send the measure to President Bush.
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A stimulus package to boost the U.S. economy and avoid a full-fledged recession could be ready by the beginning of March, a senior Democratic lawmaker said on Sunday.
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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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Federal Reserve chairman Ben Bernanke on Thursday endorsed the idea of an economic stimulus package, saying it could be "helpful" in countering headwinds facing the US economy.
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The House planned to vote Tuesday afternoon on the $150 billion economic aid package that would mean tax rebates to most income earners
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Amid growing worries about a worsening of the U.S. economy, Democratic presidential candidate Barack Obama proposed a $75 billion economic stimulus plan on Sunday that includes worker tax credits, a one-time pension supplement and help to homeowners facing foreclosure.
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Bloomberg - Jan. 25 (Bloomberg) -- The major Republican presidential candidates said an economic stimulus package proposed by U.S. lawmakers and President George W. Bush offers a positive first step, while calling for more action.
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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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Congressional Democrats and Bush administration reach tentative deal on $300-$1,200 tax rebates and business tax cuts.
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Most taxpayers could expect a rebate of up to $600 starting in mid-May under the economic aid plan set to go through Congress within weeks.