• News
  • Celebrities
  • Finance
  • Crypto
  • Travel
  • Entertainment
  • Health
  • Others

Democrats Declare Urgent Need for Second Economic Stimulus

As the economy continues to flop, congressional Democrats are pushing harder to move a second economic stimulus bill before the end of the year.

Taxpayers will remember that the first round of stimulus efforts came in the form of direct-to-the-door rebate checks — $600 for individuals and $1,200 for married couples. This time around, lawmakers are focusing on infrastructure projects, social services like unemployment insurance and direct aid to states, many of which are struggling with budget deficits. There’s even an emerging effort to have green-energy investment a central focus of the bill.

During a hearing of the House Education and Labor Committee on Friday, Democratic leaders conveyed a sense that, given the current economic conditions, Congress will have little choice but to pass something soon.

“It’s clear that it has to be done,” said Rep. George Miller (D-Cal), chairman of the panel. “And it’s going to be done by the Congress in relatively short order.”

Not that it will be easy. In September, House Democrats passed a $58-billion stimulus package that included many of the same elements now under discussion. Senate Republicans blocked the measure, and President George W. Bush had vowed a veto.

The cost of the evolving package remains up in the air, but economists are floating figures ranging from $150 billion to $400 billion.

This week, White House spokeswoman Dana Perino indicated that Bush would be open to some form of stimulus, but she seemed to reject the ideas included in the House-passed bill. That could set the stage for a post-election partisan showdown.

With that in mind, Rep. Barney Frank (D-Mass.) has already said that Democrats are prepared to push their efforts into January if they can’t move the bill in November, according to Associated Press.

Look here next week for a short series on what measures the Democrats hope to include in their package — including green energy, infrastructure and aid to states — and how those provisions might work to get the economy back on its feet.

Discussion & Comments (0)

    Recent Articles

    • Things You Should Know about North America

      Things You Should Know about North America

      Get to know more about North America.

    • Eurovision 2010 Paula Seling Unpredictable Contest

      Eurovision 2010 Paula Seling Unpredictable Contest

      Paula Seling's experience on the Eurovision stage led her to declare that "Eurovision is an unpredictable contest". Which may explain the success of the young Lena from Germany, about whom the predictions before the event did not offer much chances for victory.

    • VIPRow.me - The Best Sports Streaming Website Today

      VIPRow.me - The Best Sports Streaming Website Today

      Have you ever contemplated creating a user-friendly site dedicated to sports-related free live streaming channels?

    • Learn How To Download, Install, And Use The Xnxubd 2022 Frame App

      Learn How To Download, Install, And Use The Xnxubd 2022 Frame App

      XNXUBD 2022 Nvidia users are able to watch thousands of videos and other contents online. XNXUBD 2022 Nvidia New is a piece of software that enables people to watch videos online without having to pay for memberships. On a graphics card, the XNXubd also provides some of the best gaming and virtual reality experiences.

    • Xvideostudio Video Editor Apk Free Download For Pc Full Version In 2022

      Xvideostudio Video Editor Apk Free Download For Pc Full Version In 2022

      A new edition of the Video Editor Apk for xVideostudio.Video Studio has all the latest features, including support for multiple video download formats in HD, FHD, and even 4K resolutions.

    • 9 Best Lotion For Masturbation - Popular Choice For 2022

      9 Best Lotion For Masturbation - Popular Choice For 2022

      Masturbation is a common activity for men and women. It's a natural and risk-free way to explore your body, experience pleasure, and release sexual tension.

    • Reasons Why You Need To Stop Watching Movies From Sflix

      Reasons Why You Need To Stop Watching Movies From Sflix

      Without having to sign up or pay anything, you can watch movies online for free with SFlix. It has more than 10,000 movies and television shows.

    • Coi Leray Mom And Dad's Family History & Wife, Explained

      Coi Leray Mom And Dad's Family History & Wife, Explained

      Coi Leray Collins (born May 11, 1997) is a rapper from the United States. Leray started publishing songs to SoundCloud in 2014, and in 2018 she released her breakthrough track "Huddy" as well as her first mixtape, Everythingcoz.

    • Listen And Download Music On MyFreeMP3 For Free

      Listen And Download Music On MyFreeMP3 For Free

      Are you in a bind and looking for a place to obtain free mp3 songs? Never again will you need to bother, since this article has everything necessary to obtain your solution. Download free music from MyfreeMP3.com, one of the world's most popular websites.