Senate Panel Unveils Plan of Its Own on Economy
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The Senate Finance Committeeâs plan, which has no income cap to disqualify high earners from tax rebates, would cost more than the plan agreed to last week.
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Presidential hopeful Hillary Rodham Clinton outlined a broad economic vision Tuesday, saying it's time to replace an "on your own" society with one based on shared responsibility and prosperity.
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Senate Democrats on Tuesday unveiled plans for nearly balancing the U.S. budget by 2011 while funding domestic social programs at higher levels than President George W. Bush sought and leaving the fate of his tax cuts uncertain after 2010.
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By ANDREW TAYLOR  WASHINGTON - Senate Democrats pressed for budget increases for party priorities such as health, special education and medical research Tuesday as an appropriations panel approved a $152 billion spending bill.
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The Senate on Monday pressed ahead  with a Democrat-driven rewrite of American energy policy that  would strip nearly $15 billion in tax breaks from large  companies and put the money toward making energy from clean,  renewable sources like wind, solar and soybeans.
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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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The Senate moved closer on Monday to a showdown over an economic stimulus plan, with Democrats looking to offer a bigger package providing more benefits to more people than White House-backed legislation passed by the House of Representatives.
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Economic stimulus legislation aimed at helping avert a U.S. recession might not be passed by the U.S. Senate until as late as Tuesday, Senate Majority Leader Harry Reid said on Thursday.
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The former senator is creating a committee that will let him raise money and take other steps toward a full-blown national campaign.
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Congress calls in a troika of economic seers to predict the future of the U.S. economy.
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With bipartisan support, Senate panel approves $157B stimulus plan that rivals the measure fashioned by president and House.
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US lawmakers are nearing a fast-track plan aimed at boosting the economy and avoiding a possible recession.
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Ethics reform, a higher minimum wage and more money for stem cell research are the top items on the Senate agenda next year, incoming Senate Majority Leader Harry Reid said Tuesday in an interview with The Associated Press.
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Senate Republicans say the revamping of Social Security is their top legislative goal of 2005, with further tax cuts, energy independence and lawsuit limits listed as other issues that will get their attention in the coming months.
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The Federal Open Market Committee, the rate-setting panel for the US Federal Reserve, began its deliberations Wednesday with a rate hike widely expected.
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The Senate could act as early as today on an economic stimulus plan, and the White House is watching closely to see how much is added to a House measure favored by the administration.
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Senate leaders are planning to introduce a slimmed-down package of energy legislation, eliminating a minimum requirement for utilities' use of renewable resources but only slightly altering the tax provisions that have drawn fire from congressional Republicans and the White House.