Both Chambers of Congress Approve Plan to Boost Economy

Posted by Ann on February 8, 2008

This week, both the House and Senate overwhelmingly approved the $170 billion plan to boost the US economy. Rebate checks will be sent to millions of taxpayers, tax breaks will be provided to businesses, and help given for refinancing mortgages in higher cost markets. President Bush is anticipated to sign the bill next week. Bush said, “This bill will help to stimulate consumer spending and accelerate needed business investment.”. Nancy Pelosi, House Speaker, said, “It will help get our economy back on track and help families who are struggling with the high cost of energy, housing, health care, and groceries.”. 

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Categories: Finance
8Feb

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