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 conceded on Tuesday the economy was being buffeted by "headwinds" but said the Bush administration has not yet decided whether it needs new stimulus measures.
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An agreement in the Senate appeared within reach on an economic-stimulus program on Thursday.
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The stimulus package being hashed out between Congress and the White House, along with the Fedâs recent rate cut, should give a modest boost to the U.S. economy by mid-2008, the I.M.F. said.
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The ritual pledges of political cooperation are in place. Now the challenge for a lame duck Bush administration and an election-year Congress is to agree swiftly on an economic stimulus plan.
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Amid new worries about a possible recession, the housing slump and rising oil prices, President Bush is exploring an economic stimulus package to reinforce the U.S. economy.
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DAVOS, Jan 27 (IPS) - International Monetary Fund managing director  Dominique Strauss-Kahn has proposed a global fiscal stimulus to  prevent economic contagion from the worsening housing and credit  market crisis in the United States.
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Appealing to Saudi Arabia to  encourage higher oil production to help lower prices is not in  the long-term interest of the United States, Republican  presidential candidate Fred Thompson said on Wednesday.
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REBATE DOUBTS: Despite remarkably quick passage, the economic aid plan and its cash rebates may come too late to prevent a recession this year. Critics say debt-burdened consumers will use the money to pay bills rather than spending the checks and spurring growth.
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WHITE SULFUR SPRINGS, W-Va., Jan. 25 -- President Bush, facing skeptical lawmakers for the first time since negotiating a bipartisan $150 billion economic stimulus package with House leaders, warned Congress today not to load it up with spending projects or delay in sending it to his desk for...
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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 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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Fred D. Thompsonâs campaign says he will formally announce his bid for president next week, while some commentators question whether he has waited too long.
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Fred Thompson offers a stock response that resonates with many voters when addressing complaints that he was way too slow getting into the Republican presidential race. Ã¢ÂÂPeople treat politicians sort of like the dentist: They donÃ¢ÂÂt have anything to do with them until they have to,Ã¢ÂÂ the former Tennessee senator says.
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With the price of oil hovering near $100 a barrel and overall economic anxiety on the rise, President Bush said yesterday that he may use his upcoming State of the Union address to propose a stimulus package intended to promote growth and shore up weak parts of the economy.
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Congress is likely to try other economic boosts. The GOP wants to extend the Bush tax cuts set to expire in 2010.
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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.