Rebate money arrives in May, treasury says
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Tax rebate checks will begin going out in May, Treasury Secretary Henry Paulson said after the House's passage of a Senate-approved $167 billion economic stimulus package Thursday.
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A deal between the White House and House leaders to speed tax rebate checks to workers starting in May has the Senate in a bind over whether to try to add to the measure
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Many people will soon be required to receive their drugs by mail order so their employers can get lucrative rebates and deep discounts.
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A tax rebate is at the center of a plan to stimulate a flagging economy.
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WASHINGTON - After taking a rest in June, the nation's consumers were full of energy last month, boosting their spending by a strong 0.8 percent, a hopeful sign the economy may be emerging from a summer funk.    The over-the-month increase in consumer spending, reported by the Commerce Department on Monday, marked a turnaround from the 0.2 percent decline registered in June, when high energy prices and a sluggish job market made for more cautious buyers...
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WASHINGTON -- Interest rates on short-term Treasury securities were mixed in yesterday's auction. The Treasury Department sold $19 billion in three-month bills at a discount rate of 2.18 percent, down from 2.22 percent last week. An additional $17 billion was sold in six-month bills at a rate of 2.47 percent, up from 2.43 percent.
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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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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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Senate Democrats will move to add to a $150 billion economic stimulus package rebates for senior citizens living off Social Security and an extension of unemployment benefits, setting up a clash with the White House and House leaders who are pushing a narrower package.
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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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An economic aid plan to send rebates of $600-$1,200 to most taxpayers passed a key test Monday in the Senate, where Democrats are pushing to add more than $40 billion in help for seniors, disabled veterans and the unemployed.
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Bill would speed rebates to most taxpayers, including disabled veterans and the elderly.
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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.
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For retailers and manufacturers, rebates are a quick and easy way to adjust prices in a cost-conscious market.-The Washington Post
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Decision time is nearing for the next rate increase by the Postal Service.
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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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WASHINGTON -- Interest rates on short-term Treasury securities rose in yesterday's auction. The Treasury Department sold $21 billion in three-month bills at a discount rate of 1.86 percent, up from 1.77 percent last week.