Congress Approves Stimulus Package
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Congress gave overwhelming final approval last night to legislation that would send government payments to most American households and grant tax incentives for business investment, sending President Bush a $152 billion stimulus plan for the faltering U.S. economy.
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With unprecedented speed and cooperation, Congress and the White House forged a deal Thursday to begin rushing tax rebates of $600 to $1,200 to most tax filers by spring, hoping they will spend the money just as quickly and jolt the ailing economy to life.
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The U.S. House of Representatives overwhelmingly approved a $1.8 billion small business tax cut package on Friday aimed at winning passage of a $2.10 increase in the hourly minimum wage.
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Congress gave final approval Tuesday to a free trade agreement with Oman, ending months of debate over a deal that will have few economic effects but came to stand for growing differences over U.S. trade policy.
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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 wage earners and business investment incentives, congressional sources said on Thursday.
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The Senate Finance Committee  approved a $157 billion economic stimulus package on Wednesday  that offers smaller tax rebates to more people than a plan  passed by the House of Representatives.
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With bipartisan support, the Senate Finance Committee yesterday approved a $157 billion economic stimulus plan that rivals the measure fashioned by President Bush and House leaders, setting up a Senate showdown today that could determine who will receive rebates from the federal government and how...
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The House of Representatives on Thursday gave final approval to a $151 billion economic stimulus package that President George W. Bush is expected to sign into law.
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The House today overwhelmingly approved a $146 billion shot in the arm for the nation's ailing economy, sending a stimulus package to the Senate with a bipartisan appeal to senators not to slow the bill with significant changes.
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The US House of Representatives approved an amended giant economic stimulus plan Thursday which had been sought by President George W. Bush amid fears the economy is sliding into a recession.
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The House yesterday overwhelmingly approved a modest package of tax breaks for restaurants and small businesses, moving Congress one step closer to approving the first increase in the federal minimum wage in nearly a decade.
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Congress on Thursday rushed to pass a $145.9 billion package of tax relief that would extend three popular middle class tax cuts and hand President Bush his fourth major tax victory since taking office.
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The U.S. Congress on Saturday passed  a $388 billion package financing government programs in this  fiscal year after days of battling over spending cuts and  priorities for programs including foreign aid, energy and a  presidential yacht.
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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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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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Legislation to lower interest rates on student loans and increase aid to poor people who want to go to college won House approval on Wednesday.
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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.