Tentative deal reached on economic package
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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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An economic stimulus package to help stave off recession is on the fast track in Congress after Democratic and Republican leaders in the House of Representatives on Wednesday reached a rare agreement to quickly pull together a bipartisan plan.
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Pushing deficit concerns aside, Democratic and Republican leaders appeared close to agreement with the White House Wednesday night on emergency tax cuts and benefit increases to jolt the economy out of its slump.
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The United States and Australia ironed out last-minute differences over a free trade deal Wednesday, paving the way for the agreement to go into effect Jan. 1. The deal was announced on the sidelines of the
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US Airways and its pilots union reached tentative agreement today on $300 million in wage and benefit cuts, after weeks of debate inside the union over whether to grant the cuts to the bankrupt airline.
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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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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 on Thursday confirmed that an agreement had been reached with Congress on an economic growth package and said President George W. Bush was expected to make a statement later in the day.
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Postal dispute looks likely to end as CWU executives agree to ratify deal.
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In Washington, as anxious eyes were fixed on the stock markets, President Bush and Democratic leaders settled into a detente yesterday, cautiously moving toward agreement on an economic stimulus package.
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Postal union leaders agree to a deal aimed at solving a bitter dispute over pay and conditions.
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Concern about a possible recession is bringing the president and lawmakers closer to agreeing that an economic stimulus package is needed soon, officials said.
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Ford Motor Co said on Saturday it had reached a tentative labor deal with the United Auto Workers union, capping a historic round of bargaining between the union and the embattled U.S. auto industry.
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Delta Air Lines' pilots union said last night it had reached a tentative pact on concessions that could save the struggling carrier from bankruptcy.
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The White House and U.S. lawmakers were pushing on Wednesday to reach a deal 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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Grocery workers in Southern California and three major supermarket chains reached a tentative agreement on a new contract, a union spokesman said on Tuesday.
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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.