• Most Popular
  • Most Shared

House to seek about $500 billion economic stimulus

WASHINGTON
Mon Dec 1, 2008 2:02pm EST

Related News

Related Video

Video

Car sales head down hill

Mon, Dec 1 2008
Speaker of the House Rep. Nancy Pelosi speaks during a news conference in the U.S. Capitol in Washington November 21, 2008. REUTERS/Molly Riley

WASHINGTON (Reuters) - Democrats in the House of Representatives likely will seek passage next month of an economic stimulus bill costing about $500 billion, a House Democratic aide said on Monday.

U.S.  |  Bonds

The aide said the package would include the cost of a middle-class tax cut that President-elect Barack Obama wants, billions of dollars for road, bridge and mass transit construction, aid to states and investments in renewable energy development.

Earlier on Monday, House Speaker Nancy Pelosi told reporters she hoped Congress would have an economic stimulus bill ready for Obama to sign when he takes office on January 20. She did not provide details.

(Reporting by Richard Cowan, Editing by Sandra Maler)



More from Reuters

Photo

Investors seen jumping the gun on airport security

BANGALORE (Reuters) - Investors' optimism surrounding the shares of airport security systems makers could be premature as interest in the companies' products after the Christmas Day plane scare is not expected to translate into immediate orders.

A hiring sign hangs in a window at PETCO in Falls Church, Virginia June 5, 2009.REUTERS/Kevin Lamarque

Dust off your resumes

Employers say they'll be adding headcount in the coming year. Here's where the jobs will be.  Full Article 

Tiger Woods blows on his putter on the 10th hole during final round play of the Tournament Players Championship golf tournament at the TPC at Sawgrass in Ponte Vedra, Florida May 13, 2007.

Tiger's $12 billion scandal?

Shareholders of Tiger Woods' sponsors discover that along with the upside, there are big downside risks, too, a study shows.  Full Article