Paulson says Senate stimulus plan too complex
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Treasury Secretary Henry Paulson said on Thursday he was concerned that the $157 billion stimulus package passed by the Senate Finance Committee was too complex and he prefers the simpler House of Representatives version.
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Treasury Secretary Henry M. Paulson Jr. said Monday that enacting legislation aimed at punishing China over its economic policies could unsettle markets.
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Henry M. Paulson Jr. said today that economic choices by Chinese leaders were imperiling their nationÂs future.
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The chairman of the Federal Reserve Board, Alan Greenspan, warned that the government might have to scale back programs like Social Security and Medicare.
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Treasury Secretary Henry Paulson on  Friday said that it will take time to work through the problems  contributing to current financial market turmoil but expressed  confidence U.S. growth will not be derailed.
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A new capital plan for large U.S.  banks is flawed and could give foreign lenders a competitive  advantage, lawmakers said on Thursday.
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The chairman of the Consumer Product Safety Commission says a Senate bill that would more than double the agency's budget and expand its authority would be too difficult for the agency to implement and "put the American people at greater risk."
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The economy needs stimulating â on that much, at least, Congressional Democrats agree. But from there, things get complicated.
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A high-powered group of U.S. officials led by Treasury Secretary Henry Paulson pressed China over its currency and trade policies Thursday while Chinese officials stressed changes were being made over the long term.
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Treasury Secretary Henry Paulson on Friday said that there was an urgent need for a fiscal stimulus program to give the slowing economy a boost but said it was not in danger of stalling.
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House Financial Services Committee   Chairman Michael Oxley on Wednesday urged U.S. Treasury   Secretary Henry Paulson to push harder for a Senate compromise   on legislation to reform government-sponsored housing   enterprises, saying time was quickly running out.
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Pressure is mounting on Treasury Secretary Henry M. Paulson Jr. to produce results or face protectionist measures in Congress next year.
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WASHINGTON -- The Bush administration is working to combat the country's severe housing crisis but there is no simple solution, Treasury Secretary Henry Paulson said Monday, adding that a correction in the housing market is "inevitable and necessary."
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Treasury Secretary Henry Paulson said there was an urgent need for fiscal stimulus to give the slowing economy a boost but said it was not in danger of stalling.
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A top Senate Democrat unveiled a $156 billion economic stimulus package Monday that awards rebates to senior citizens living off Social Security and extends unemployment benefits, setting up a clash with President Bush and House leaders pushing a narrower package.
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The US Senate fails to agree on a different version of the White House-backed economic stimulus plan.
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WASHINGTON -- The Treasury Department's new plan for collecting billions in unpaid taxes is not a credible strategy, said a key senator who is holding up a tax official's nomination.