Text Only
Search

 
Bush to Sign Economic Stimulus Plan


09 February 2008
Stearns report - Download (MP3) audio clip
Stearns report - Listen (MP3) audio clip
video report by Mil Arcega - broadband - Download (WM) video clip
video report by Mil Arcega - broadband - Watch (WM) video clip
video report by Mil Arcega - dialup - Download (WM) video clip
video report by Mil Arcega - dialup - Watch (WM) video clip

President Bush will approve more than $150 billion in tax rebates Monday as part of a plan to stimulate the U.S. economy. VOA White House Correspondent Scott Stearns reports, opposition Democrats say more action is needed to help poorer Americans.

President George W. Bush addresses national prayer breakfast in Washington, D.C., 07 Feb 2008
President George W. Bush addresses national prayer breakfast in Washington, DC, 07 Feb 2008
President Bush is accepting Senate changes to a stimulus package he previously agreed to with the House of Representatives.

The White House blocked efforts to extend unemployment benefits but agreed to the Senate adding refunds for older Americans. The plan Mr. Bush signs Monday will give tax rebates of up to $600 per person in more than 100 million American households.

New York Congressman Charles Rangel is Chairman of the House Ways and Means Committee. In the Democratic party's radio address, he says the stimulus plan is a good first step, but he wants President Bush to address what Rangel says are underlying weaknesses in the U.S. economy affecting lower and middle class taxpayers.

"We look forward to working with the president in a bipartisan way," he said.  "We haven't enjoyed this in the past. But in the last few months of his administration, it gives us an opportunity to work together to avoid people having to say, 'I work everyday. I want my dignity. I want my pride. And I don't want to have the government give me a rebate.'"

In the president's weekly radio address, Mr. Bush called on Senators to move quickly to approve his nominees to important posts in public safety, the economy, and national security, including at the Department of Justice and Federal Reserve Board.

"The Fed decides monetary policy, and it sets key interest rates that have an impact on homeowners and businesses across our country," he said.  "Yet the Senate has been delaying three of my nominations to the Fed for nearly nine months. My nominees have valuable experience and skills, and I urge the Senate to confirm them as soon as possible."

Mr. Bush says Senate delays on 28 of his judicial nominees are irresponsible and undermine the cause of justice.

Senate Democrats say the president is unwilling to compromise on nominees they consider extreme. Among those is Steven Bradbury, whose nomination as assistant attorney general is opposed by many Senators, because he signed a series of memos approving harsh CIA interrogation techniques on suspected terrorists.

emailme.gif E-mail This Article
printerfriendly.gif Print Version

  Related Stories
G7 Finance Ministers Pledge Joint Effort to Steady Global Markets
 
  Top Story
Iranians Rally on Anniversary of American Embassy Takeover

  More Stories
Clinton Calls Israeli Settlement Activity Illegitimate
Australian Oil Spill Stemmed After 10 Weeks
Afghanistan's Abdullah Says Karzai Re-election Lacks Legitimacy
Republicans Gain in US State Elections  Audio Clip Available
US Envoys Meet Burma's PM, Aung San Suu Kyi
US House Overwhelmingly Passes Resolution Critical of UN Report on Gaza  Audio Clip Available
India Denies Support to Pakistan Insurgents
Fiji's Diplomatic Tussle With Australia, New Zealand Escalates  Audio Clip Available
Obama, EU Push for Climate Deal  Audio Clip Available
Clinton to Ask Egypt for Help; Can Cairo Deliver?  Audio Clip Available
Merkel Meets With Obama, Addresses Congress   Audio Clip Available
World War II 'Lost Battalion' Veterans Reunite  Audio Clip Available
Czech Court Clears Way for President to Sign New EU Treaty  Audio Clip Available