FACTBOX: Clinton proposes U.S. economic stimulus plan

Fri Jan 11, 2008 12:34pm EST
 
[-] Text [+]

(Reuters) - Democratic presidential contender Hillary Clinton on Friday proposed a $70 billion emergency spending package to help victims of the U.S. housing crisis and stave off what she sees as a coming recession.

Here are the key aspects of the former first lady's stimulus plan:

* Create a $30 billion Emergency Housing Crisis Fund for U.S. states to help families unable to make mortgage payments.

* Reduce the number of home foreclosures by introducing a 90-day moratorium on subprime foreclosures and an automatic rate freeze on subprime mortgages of at least five years.

* Provide $25 billion in emergency funds to help people pay expensive heating bills.

* Accelerating $5 billion in investments in energy efficiency and alternative energy programs.

* Invest $10 billion in extending and broadening unemployment insurance for the jobless.

* Have Congress prepare a $40 billion tax rebate package to be released if needed to low-income and middle class workers if economic conditions in the country deteriorate.

(Writing by Jeff Mason in Los Angeles; editing by Stuart Grudgings)

 

Featured Broker sponsored link

Editor's Choice

A selection of our best photos from the past 24 hours.  Slideshow 

Most Popular on Reuters

  • Articles
  • Video

Analysis

A woman and a child wear masks as they wait for a H1N1 flu check-up at a temporary H1N1 flu treatment centre at a hospital in Seoul November 3, 2009.   REUTERS/Choi Bu-Seok
Swine flu skepticism demands deft response

European scientists and health authorities are facing angry questions about why H1N1 flu has not caused death and destruction on the scale first feared, and they need to respond deftly to ensure public support.  Full Article | Full Coverage