Bush, Bernanke support stimulus
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Top House leaders discussed plans for tax rebates, breaks for business and additional food stamp and unemployment insurance benefits as President Bush and Federal Reserve Chairman Ben Bernanke voiced support for steps to avert a recession.
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KANSAS CITY, Missouri  - President George W. Bush on Friday said there were troubling signs that the economy is weakening and urged Congress to move on a stimulus package to help prop up the economy, which has been hit hard by a housing slump and credit crisis.
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President Bush says his economic plans will expand opportunities for small businesses and regular people, while challenger John Kerry's proposals will only expand the government.
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Rising incomes should support the  U.S. economy even as the housing market slows and consumers  lose the boost they were getting from home equity, Federal  Reserve Chairman Ben Bernanke said in a letter released on  Wednesday.
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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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US president proposes stimulus package of about $145b to stave off recession as economy struggles
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President George W. Bush hopes a $150 billion economic stimulus package will avert a recession in his final year in office but he also faces another problem: worsening budget deficits.
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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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Jolted by global recession fears, the Federal Reserve slashed interest rates Tuesday, and President Bush and leaders of Congress joined in a rare show of cooperation in promising urgent action to pump up the economy with upwards of $150 billion in tax cuts and government spending.
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President Bush prodded Congress to pass an economic stimulus package Friday, pointing to "troubling signs" in a new report that ended a 52-month streak of national job growth.
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WASHINGTON - President Bush acknowledged "some unsettling times" in the country's troubled housing and credit markets, while Federal Reserve chairman Ben Bernanke offered more assurances steps would be taken to curb the fallout.
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Federal Reserve Chairman Ben Bernanke told Congress today that lawmakers should enact a fiscal stimulus package to help beleaguered consumers as recession fears grow. Economists and politicians are increasingly worried about fallout from the subprime mortgage meltdown.
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WASHINGTON -- Rising incomes should support the US economy even as the housing market slows and consumers lose the boost they were getting from home equity, Federal Reserve chairman Ben Bernanke said in a letter released yesterday.
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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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President Bush brought together former presidents George Bush and Bill Clinton on Monday to launch an appeal for Americans to make a donation to help victims of the South Asia quake and tsunamis.
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Lawmakers and President Bush hope that tax breaks for businesses and rebates for taxpayers will promote spending.
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Public views of the national economy are now more negative than at any point in nearly 15 years, and few people believe that the kind of stimulus plan being devised by President Bush and Congress is enough to stave off or soften a recession, according to a new Washington Post-ABC News poll.