FACTBOX: Presidential candidates' ideas on economy

(Reuters) - Worries that a recession may be looming have prompted several of the candidates in the presidential race to unveil plans to give the economy a lift. Here are their ideas:

DEMOCRATIC U.S. SEN. HILLARY CLINTON

The New York Democrat has proposed a $70 billion package to stave off a possible recession, including $40 billion in spending for heating assistance, an extension of unemployment insurance and investments in energy efficiency.

The other $30 billion would go toward helping low-income families hit by the mortgage crisis.

A second, $40 billion phase of the package would be triggered if the economy failed to respond. That would pay for tax rebates for low- and middle-income workers.

DEMOCRAT JOHN EDWARDS

The former Democratic senator from North Carolina has proposed a $25 billion job creation plan with the possibility of an additional $75 billion if there is more evidence the United States is entering a recession.

The plan calls for investing in clean energy infrastructure, increasing federal aid to help states avoid cutting programs that help families through hard times, reforming unemployment insurance and tackling housing crisis.

DEMOCRATIC U.S. SEN. BARACK OBAMA

The Illinois Democrat's $75 billion plan includes an immediate $250 tax cut for workers that would double if the economy worsens.

Older Americans would receive a one-time $250 bonus in their Social Security checks. Obama also would offer assistance to homeowners facing foreclosure and aid to states hit by reduced tax revenues. He would also extend unemployment insurance for laid-off workers.

REPUBLICAN MITT ROMNEY

The former Massachusetts governor has described the economy as fragile and said, "We should take action to keep the economy from falling into a recession."

On the campaign trail, Romney has urged eliminating taxes on capital gains, dividends and interest income for families earning less than $200,000 a year. "That's one idea and there may well be others," said Romney spokesman Eric Fehrnstrom.

REPUBLICAN RUDY GIULIANI

The former New York City mayor, has said it's not clear yet if the economy is headed for a recession but he has outlined a multitrillion-dollar tax cut he said would boost growth.