The latest news on economic stimulus
The New York Times has endorsed Hillary Clinton and John McCain for the presidential nominations of the Democratic and Republican parties, respectively. The editorial board writes that Clinton, compared with Barack Obama, her main rival, "is more qualified, right now, to be president," and that McCain "is the only Republican who promises to end the George Bush style of governing from and on behalf of a small, angry fringe."
For higher-income taxpayers, rebates would phase out gradually as income rises.
Questions and answers for consumers on the stimulus package.
Tax rebates, write-offs aimed at triggering a spending boost.
John McCain has a new challenge ahead. As President Bush and congressional leaders of both major parties move toward enacting an economic stimulus package, the Arizona senator will have to decide whether to support a rebate for individual taxpayers, which is likely to be in the final legislation.
Congressional leaders say they are close to reaching a deal with the White House regarding an emergency stimulus package designed to help stabilize the economy. On Wednesday, Democratic House Speaker Nancy Pelosi was reportedly able to secure the administration's agreement on a provision to provide rebates of at least $300 to most paycheck-earning workers.
It could be a fast way to boost the economy.
The falling stock market has nudged Washington into proposing a pricier plan.
Top advisers give their take on how best to prevent a recession.
Bush and Congress are working up pricey fiscal packages to ward off a recession.