Thompson would wait on economic stimulus
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Republican White House hopeful Fred Thompson made light of Federal Reserve Chairman Ben Bernanke's call for a quick economic stimulus Thursday and said it might be best to leave the economy alone for now.
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Treasury Secretary Henry Paulson  said on Monday the Bush administration was considering how to  give the economy a boost as it weathers a housing correction,  but does not want to rush.
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Actor-politician Fred  Thompson began an autumn scramble for the Republican  presidential nomination on Thursday, pushing Ronald Reagan-like  conservative themes and shrugging off concerns that he had  entered the race too late.
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An agreement in the Senate appeared within reach on an economic-stimulus program on Thursday.
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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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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.
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Economists say the stimulus package and other efforts to address the economic slowdown are likely to be cold comfort to incumbent politicians in November.
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Senate Democrats yesterday scrambled to find Republican votes to support their $157 billion economic stimulus measure and delayed a vote until later this week so that their presidential candidates can return to the chamber and support the measure.
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Fred Thompson says the country faces different challenges now than it did when he spurned overtures to run for president in 2000, leading him to consider a return to politics.
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Treasury Secretary Henry Paulson  said on Friday that any economic stimulus program should be  temporary and designed to kick in quickly if it is to be  useful.
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Presidential candidate John Edwards on Saturday said the country can't simply wait for the economy to turn around, and he wants Congress to come up with as much as $100 billion to prepare for a potential economic slowdown.
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Economic stimulus legislation aimed  at helping avert a U.S. recession might not be passed by the  Senate until as late as Tuesday, Senate Majority Leader Harry  Reid said on Thursday.
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The slowing U.S. economy is unlikely  to sink into an election-year recession and an economic rebound  could begin as early as next year as housing and financial  market turmoil fades, the Congressional Budget Office forecast  on Wednesday.
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President Bush said it would be a mistake to delay the stimulus bill by adding new provisions when Americans need extra cash in their wallets as soon as possible.
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Fred Thompson didn't enter the 2008 presidential race Tuesday, but he talked like he was getting close to jumping in.
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Presidential candidate John Edwards says the country can't simply wait for the economy to turn around, and he wants Congress to come up with as much as $100 billion to prepare for a potential economic slowdown.
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DAVOS, Switzerland  - The U.S. economic slowdown is typically short and shallow and Washington's monetary and fiscal rescue packages will lift the economy, former U.S. Treasury Secretary John Snow told Reuters.