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U.S. markets recover from steep losses
WASHINGTON, Jan. 23 (UPI) -- Worried U.S. investors Wednesday hoped for good news from Capitol Hill on a stimulus package aimed at heading off or softening a recession.
Treasury Secretary Henry M. Paulson Jr. Tuesday indicated a willingness to include the poorest Americans -- those who pay little or no taxes -- in a proposed $145 billion economic stimulus package, The Washington Post reported. Lawmakers are discussing extensions in unemployment and food stamps benefits.
Individual taxpayers could see $800 rebates with married couples receiving as much as $1,600. One third of the $145 billion is slated for businesses.
After meeting with lawmakers, President George W. Bush said he had "a very positive feeling," about reaching an accord.
House Speaker Nancy Pelosi, D-Calif., said she was, "confident that we will have a bipartisan agreement," in a deal in which two-thirds of the money would be made available as tax rebates.
House Minority Leader John A. Boehner, R-Ohio, said, there are "no issues of disagreement right now."
But some voiced complaints. Sen. Edward M. Kennedy, D-Mass., said the package, "leaves out the poorest Americans" while Sen. Judd Gregg, R-N.H., said, the proposals are not "fiscally responsible."
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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ORLANDO, Fla., May 23 (UPI) --
The U.S. Air Force has added Lockheed Martin to its list of companies for support of its medical services worldwide.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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