President Bush, Federal Reserve Chairman Ben Bernanke say time is right for new stimulus

WASHINGTON — Momentum increased Monday for a new economic stimulus package to help cash-strapped Americans as President Bush and Federal Reserve Chairman Ben Bernanke threw their weight behind an idea they earlier opposed. RELATED: SIRIS: STAY DIVERSIFIED, BUT DON’T AVOID STOCKSPress secretary Dana Perino told reporters on Air Force One as the president flew to Louisiana on Monday for an economic event that the White House will have to see what kind of package Congress crafts. Perino says the administration has concerns that what has been put forward so far by Democratic leaders in Congress would not actually stimulate the economy. RELATED: LISTEN TO WARREN BUFFETT AND BUY, SAYS MAYOR BLOOMBERGEarlier Monday, Bernanke told the House Budget Committee that country’s economic weakness could last for some time and it was the right time for Congress to consider a new package. Earlier this year, most individuals and couples received tax rebate checks of $600-$1,200 through the $168 billion stimulus package enacted in February. RELATED: WALL STREET BRACES FOR ANOTHER UP-AND-DOWN WEEK”With the economy likely to be weak for several quarters, and with some risk of a protracted slowdown, consideration of a fiscal package by the Congress at this juncture seems appropriate,”… Read full this story

• New stimulus check rule: $1,400 for dependents of any age? What we know today
• Biden, Democrats Amplify $15 Minimum Wage Demands, Progressives Say 'It Should Be $20'
• New Jobs Report Bolsters Case For Biden’s Stimulus
• Will the U.S. Dollar Lose Its Place as the World's No. 1 Reserve Currency?
• Biden's push for stimulus checks sparks income eligibility debate
• Negative interest rates and huge deficits are the new normal. What comes next?
• Donald Trump Demands $2,000 Stimulus Checks as Supporters Call for Veto
• Unemployment: More Stimulus Checks, Extended Benefits Could Be Moving Forward
• Another 847,000 Americans filed for unemployment benefits in Joe Biden's first week as president
• Hunter Biden emails 'identify Joe Biden as ''the Big Guy'' who would receive 10% share in deal with Chinese energy firm', report says

President Bush, Federal Reserve Chairman Ben Bernanke say time is right for new stimulus have 323 words, post on www.nydailynews.com at October 20, 2008. This is cached page on Vietnam Dance. If you want remove this page, please contact us.