Category Archives: Stimulus

Senate Dems to scrap Obama’s $400 tax credit

By doris | Published: March 25, 2009

Full Story At  msnbc.com WASHINGTON – A top Democrat in the Senate announced a budget blueprint Tuesday that would scrap Barack Obama’s signature tax cut after 2010 and blends sleight of hand with modest restraint on domestic programs to cut the deficit to sustainable levels. Senate Budget Committee Chairman Kent Conrad, D-N.D., promises to reduce [...]

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Analysts: Next bailout will be a tougher sell

By doris | Published: March 18, 2009

Full Story At  CNN.com Echoing the sentiment of taxpayers, the president on Monday called the ailing insurance giant’s plans to dole out $165 million in bonuses an “outrage” and said he would attempt to block the additional compensation. AIG, one of the big benefactors of the government bailout, is now nearly 80 percent owned by [...]

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Poll: Frustration Growing Over Bailouts

By doris | Published: March 17, 2009

Full Story At  CBS News CBS) A growing number of Americans are opposed to providing government assistance to ailing financial institutions, according to a new CBS News poll. The poll also shows that the public clearly blames the management of the banks for the crisis and that many Americans are feel resentful that irresponsible banking [...]

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Dems face internal revolt over Obama agenda

By doris | Published: March 10, 2009

Full Story At  msnbc.com Democratic leaders in Congress did not expect much Republican support as they pressed President Obama’s ambitious legislative agenda. But the pushback they are receiving from some of their own has come as an unwelcome surprise. As the Senate inches closer to approving a $410 billion spending bill, the internal revolt has [...]

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GOP govs consider rejecting stimulus money

By doris | Published: February 20, 2009

Full Story At msnbc.com BATON ROUGE, La. – A handful of Republican governors are considering turning down some money from the federal stimulus package, a move opponents say puts conservative ideology ahead of the needs of constituents struggling with record foreclosures and soaring unemployment. Though none has outright rejected the money available for education, health [...]

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GOP poised to leap on spending abuses in stimulus

By doris | Published: February 19, 2009

Full Story At yahoo.com WASHINGTON – Republicans are preparing to pounce on any wasteful spending in the $787 billion stimulus package as they refocus their criticisms of a measure whose success could hurt their 2010 election prospects. President Barack Obama and congressional Democrats also promise rigorous oversight, including a new Web site to help people [...]

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Commentary: If you oppose stimulus, don’t take the money

By doris | Published: February 17, 2009

Full Story At  CNN.com WASHINGTON (CNN) — Gov. Mark Sanford of South Carolina took umbrage at my writing that his approach to the economic crisis is to do nothing. I’ll deal with his “ideas” in a moment, but first let me make a modest proposal: If Republican politicians are so deeply opposed to President Obama’s [...]

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Obama to sign $787 billion stimulus bill Tuesday

By doris | Published: February 15, 2009

Full Story At Yahoo.com WASHINGTON – Savoring his first big victory in Congress, President Barack Obama on Saturday celebrated the newly passed $787 billion economic stimulus bill as a “major milestone on our road to recovery.” Speaking in his weekly radio and Internet address, Obama said, “I will sign this legislation into law shortly, and [...]

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Lawmakers say all issues settled in stimulus bill

By doris | Published: February 13, 2009

Full Story At  msnbc.com WASHINGTON – Reluctant to call it quits, key lawmakers bargained into overtime Thursday on the $790 billion economic stimulus legislation before reaching final agreement more than 24 hours after first announcing a deal. Lingering controversy over school-modernization money and a scaled-back tax break for businesses forced a delay in final votes [...]

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After Give And Take, Deal Made On Stimulus

By doris | Published: February 12, 2009

Full Story At CBS News.com CBS/AP) Moving with lightning speed, the Democratic-controlled Congress and White House agreed Wednesday on a compromise $790 billion economic stimulus bill designed to create millions of jobs in a nation reeling from recession. President Barack Obama could sign the measure within days. “More than one-third of this bill is dedicated [...]

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What got cut from the stimulus bill

By doris | Published: February 11, 2009

Full Story At What got cut from the stimulus bill – CNN.com CNN obtained, from a Democratic leadership aide, a list of some programs that have been cut, either entirely or partially: Partially cut: • $3.5 billion for energy-efficient federal buildings (original bill $7 billion) • $75 million from Smithsonian (original bill $150 million)

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Senate, House eye different stimuli priorities

By doris | Published: February 9, 2009

Full Story At  msnbc.com WASHINGTON – The Senate agreement on a roughly $827 billion economic stimulus bill sets up tough negotiations with the House primarily over tens of billions of dollars in aid to states and local governments, tax provisions, and education, health and renewable energy programs.

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