economic stimulus package

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Bernanke: Adjustment Is Mostly Over
Bernanke: Adjustment Is Mostly Over
Apr 2, 2008 10:24 AM CDT

Bernanke: Adjustment Is Mostly Over

But admits economy could contract, possibility of recession

(Newser) - Ben Bernanke for the first time acknowledged the possibility of a US recession, but he also voiced optimism that “much” of the adjustment period was over, the Wall Street Journal reports. His testimony before Congress seemed to suggest an end to aggressive stimulus measures—noting that rates had already...

Obama Plan: $30B Stimulus, More Regulation

Democrat blasts lax Bush oversight, McCain's laissez-faire approach

(Newser) - Barack Obama called today for stricter financial regulations and laid out a $30 billion stimulus plan, the Wall Street Journal reports, including measures aimed at the foreclosure crisis. The Democratic candidate said President Bush had “a generally scornful attitude toward oversight and enforcement,” and proposed expanding Fed powers...

Economy in 'Sharp Decline,' Paulson Admits

He won't say recession, but treasury secretary comes close

(Newser) - Hank Paulson came closer than ever to conceding that the economy is in recession in a series of interviews yesterday, Reuters reports. Weary after a weekend in which he helped to broker Bear Stearns' fire sale to JPMorgan, the treasury secretary avoided the R-word but admitted: "There's no doubt...

Economy in Trouble: Bush
 Economy in Trouble: Bush 
Mar 14, 2008 3:00 PM CDT

Economy in Trouble: Bush

President warns of overreaction to housing, credit crises

(Newser) - The economy is experiencing difficulties, but President Bush said today he is certain a recovery will come soon, the AP reports. “In a free-market economy there will be good times and bad times” he said in a speech to the Economic Club of New York. “We’re going...

Depression-Era FHA Tries to Save Mortgages

Long-sidelined agency now a central player in the credit crisis

(Newser) - It’s been a while since the Federal Housing Administration was relevant. But now policymakers are counting on the Depression-era agency, which mostly insures mortgages, to once again solve a housing crisis. FHA-insured loans are swiftly becoming substantially cheaper than their Fannie Mae or Freddie Mac backed counterparts. “The...

Wal-Mart Taps 'Inner Skinflint' Amid Downturn
Wal-Mart Taps 'Inner Skinflint' Amid Downturn
OPINION
Feb 28, 2008 4:55 PM CST

Wal-Mart Taps 'Inner Skinflint' Amid Downturn

Economy woes play to mega-store's strengths, Newsweek scribe says

(Newser) - Newsweek blogger Daniel Gross asks why Wal-Mart, with its sales increasing, appears to be untouched by the US economic slowdown, and comes up with four answers. One, the behemoth mostly sell necessities. Two, its cheaper-than-thou branding is attracting pinched customers. Three, investors like Wal-Mart's prospects down the line. And four,...

Economists Lean Closer to the R-Word

Almost half on US panel predict recession, up from 25% last year

(Newser) - An panel of US economists leaned closer to predicting recession today after grappling with a slew of scary data, the AP reports. More than half of analysts at the National Association for Business Economics maintained that a downturn is still unlikely, but 45% expected recession in 2008; only a quarter...

Mortgage Crisis Sparks GOP Defections

Lawmakers back Dem bills as constituents lose homes

(Newser) - GOP lawmakers are breaking ranks over the housing crisis as they see constituents suffering foreclosures, Politico reports. Ohio Rep. Steve Chabot, the owner of a 97.5% lifetime American Conservative Union rating, recently snubbed party leaders and the White House by co-writing a bill to let bankruptcy judges re-write mortgages....

No Return, No Rebate, Warns IRS
No Return, No Rebate, Warns IRS
Feb 14, 2008 7:44 AM CST

No Return, No Rebate, Warns IRS

Even low-income taxpayers need to file this year to get 'economic stimulus' checks

(Newser) - Even people who didn't make enough money last year to be required to file a tax return are going to have to do so this year—if they want to get their rebates under President Bush's $170 billion economic stimulus plan, Reuters reports. The IRS is planning an information blitz...

Bush Signs $168B Stimulus Plan
Bush Signs $168B Stimulus Plan
Feb 13, 2008 2:30 PM CST

Bush Signs $168B Stimulus Plan

First rebates from 'booster shot for our economy' to be mailed in May

(Newser) - President Bush signed Congress’ economic stimulus bill into law today, ensuring that the tax rebates at the heart of the $168 billion plan will find their way into American bank accounts by May. The average rebate for an individual will be $600, with $1,200 for couples and a $300...

Man-Training Manual Finally Hits the Stores

Therapists call dog analogy cute but no marital cure-all

(Newser) - A woman who has long compared men to dogs has a book coming out and a movie in the works, all plugging the notion that men can be trained. But critics fear that What Shamu Taught Me About Life, Love and Marriage is another pop psych title that props up...

Congress Sends Stimulus Plan to Bush
Congress
Sends Stimulus Plan to Bush
UPDATED
Feb 7, 2008 6:59 PM CST

Congress Sends Stimulus Plan to Bush

Most Americans will get rebates between $600 and $1,200

(Newser) - Congress approved an economic stimulus plan today that will give rebates of between $600 and $1,200 to most Americans. It now awaits President Bush's expected signature before checks can go in the mail. The House quickly approved the measure hours after the Senate finalized its version of the $168...

GOP Senators Block Dems' Stimulus Plan

Bill to give Americans tax rebates is now in legislative limbo

(Newser) - Democrats' efforts to expand a financial relief plan for Americans hit a roadblock in the Senate today, the AP reports. Republicans were able to stymie the bill, which they say is too expensive. Democrats hoped to add $40 billion to the plan that passed the House last week; it's now...

Worry Over Economy Highest in 14-Plus Years

Finances are top concern among voters: poll

(Newser) - Americans' concern over the domestic economy is at a level not seen in nearly 15 years, and voters doubt the Bush stimulus package will avert a recession, a new Washington Post-ABC News poll shows. Eight in 10 Americans rate the economy as "not so good" or "poor,"...

Senate Stimulus 'Too Complex' for Treasury

Paulson prefers House's 'simple' $146 billion plan

(Newser) - The $157 billion stimulus bill passed by the Senate Finance Committee is "too complex," Treasury Secretary Henry Paulson said today. "Complexity is our enemy," Paulson said of the bill, which is "in danger of looking like a Christmas tree" once it goes to the full...

Bush: Trade Key to US Recovery
Bush: Trade Key to US Recovery
Jan 31, 2008 11:21 AM CST

Bush: Trade Key to US Recovery

Prez urges quick action on international deals, offers help to affected workers

(Newser) - Saying "free trade means good-paying jobs for Americans," President Bush yesterday urged Congress to approve proposed deals with Colombia, Panama, and South Korea, the core of a trade agenda he feels can revitalize a shaky US economy. Bush also offered to help lawmakers reshape benefits for workers who...

Senate & White House Battle Today Over Stimulus Plans

House & Senate back rival packages

(Newser) - The Senate and White House face off today over economic stimulus packages designed to get consumers spending again. With bipartisan support, the Senate Finance committee approved a $157 billion plan that would give more than $1,000 to almost every family in the US. A White House proposal, backed by...

House OKs Stimulus Package
House OKs Stimulus Package
Jan 29, 2008 4:57 PM CST

House OKs Stimulus Package

Pelosi warns Senate to move quickly

(Newser) - The House approved a $146 billion economic stimulus package today with overwhelming bipartisan support. The bill, which would give most Americans rebates of $600, passed by a vote of 385-35 and now heads to the Senate, reports the Washington Post. Speaker Nancy Pelosi asked the Senate to approve its version...

Senate Pitches Rival Stimulus Package

Larger rebates, more benefits still to come

(Newser) - The Senate has unveiled its own economic stimulus package, challenging the plan agreed to between House leaders and the White House. The Senate plan would give $500 to almost all Americans, rich and poor, and would extend unemployment benefits to the jobless, reports the Washington Post. Senators are also likely...

Bush to Blast Dem Earmarks in Union Speech

Prez will promote stimulus plan, Iraq war in tonight's talk

(Newser) - President Bush will slam Democratic spending in favor of his own multi-billion-dollar proposals in his last State of the Union speech, scheduled for 6 p.m. EST tonight. He plans to promote his $150 billion stimulus package, and reiterate the need to fight in Iraq—recently valued at another $108...

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