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
Berlin to Mark the 20th Anniversary of the Fall of the Berlin Wall  Audio Clip Available  Video clip available

  More Stories
Obama: Iraq Election Law an "Important Milestone"  Audio Clip Available
Iraqi Parliament Approves New Electoral Law After Raucous Debate  Audio Clip Available
US Army Chief of Staff: More Troops Needed in Afghanistan
Market Bomber Kills 13 in Northwest Pakistan
Clinton Urges Europeans to Bring Down "Walls" of Terrorism, Oppression  Audio Clip Available
Hurricane Ida Heads Toward Gulf of Mexico, Floods Kill 91 in El Salvador
Russia-Iran Relations Balancing on Nuclear Issue
Motive Sought for Texas Mass Shooting
Dalai Lama Rejects Chinese Criticism of Monastery Visit  Audio Clip Available
China's Premier Pledges $10 billion in Loans to Africa  Audio Clip Available
Netanyahu Heads to US Amid Crisis in Peace Process  Audio Clip Available
Japan Pledges More Aid to Burma if Political Prisoners are Released
WFP Making Inroads on Alleviating Hunger  Audio Clip Available
Deposed Madagascar President says He Will Work With Rival Who Ousted Him  Audio Clip Available
US Health Care Debate Continues on Partisan Lines