WASHINGTON (Reuters) - President George W. Bush said on Thursday Americans would receive checks that are part of the $152 billion economic stimulus package in May.
"We anticipate that the checks will start being sent in the second week of May and that is going to be very positive news to consumers," Bush told reporters after meeting with his economic team.
(Reporting by David Alexander, editing by Jackie Frank)
WASHINGTON (Reuters) - GMAC Financial Services is expected to get about $3.5 billion of additional U.S. government aid to help the troubled lender absorb mortgage losses, a financial industry source familiar with the matter said on Wednesday.
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