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Congress Returns; President to Deliver State of the Union

The Senate returns for the second session of the 110th Congress today (January 22); the House of Representatives returned for business last week (January 15).  President Bush will deliver his final State of the Union address on January 28, and Congress will turn its attention to legislation focused on providing a much-needed stimulus to the American economy.  What the package will ultimately include is yet to be determined, with Democrats focused on tax rebates, increases in unemployment benefits and food stamps and Republicans advocating business tax cuts, among other things.  Today, the White House encouraged "a quick agreement to pump $150 billion in tax cuts and government spending into the ailing economy to head off a recession."  This is larger than what was advocated late last week, but given the severe drop in the markets, the White House said, "more is needed, quickly."  President Bush has pledged to work with the Democratically controlled Congress to forge a bi-partisan package.

Published Tuesday, January 22, 2008 3:03 PM by Staff

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