Pact on emergency economy rescue said to be near

CAPITOL HILL (AP) -- Concessions on all sides seem to be moving House Democratic and Republican leaders closer to agreement with the White House on an economic stimulus package.

A House aide says Speaker Nancy Pelosi has agreed to drop increases in food stamp and unemployment benefits in exchange for tax rebates of at least $300 for all people earning a paycheck, including low-income earners who make too little to pay income taxes. Families with children would get an additional $300 per child, and those paying income taxes could get higher rebates. The official says agreement on tax breaks for businesses are yet to be worked out.

Pelosi and House Minority Leader John Boehner have said negotiations are moving toward an agreement on a package it's hoped will boost the lagging economy.

(Copyright 2008 by The Associated Press. All Rights Reserved.)


6450 Papermill Drive Knoxville, TN 37919 Phone - (865) 450-8888; Fax - (865) 450-8869
Gray Television, Inc. - Copyright © 2014 WVLT-TV Inc. - Designed by Gray Digital Media - Powered by Clickability 14177927 -