July 20, 2008
Posted: July 20th, 2008 02:04 PM ET
From CNN's Jake Lansburgh
Treasury Secretary Henry Paulson insists the stimulus package is working.
WASHINGTON (CNN) - Treasury Secretary Henry Paulson assured CNN’s Wolf Blitzer on Sunday morning that the stimulus tax rebate issued to millions of Americans this year is working. “When you look at the consumer data we have for the second quarter; you look at retail sales, the stimulus package is working,” Paulson said. “And it's coming at a time when it's very much needed.” But Paulson rejected the idea of a second stimulus package of $50 billion, which has been proposed by Democratic House Speaker Nancy Pelosi and other democrats. “We put it together so it would be big enough to be meaningful to the economy today, and not so big that it was going to jeopardize our fiscal responsibilities and some of our longer-term priorities,” Paulson said. He stressed that the focus needs to be on the stability of our capital markets, energy prices, and the housing market. Filed under: Henry Paulson
|
The latest political news from CNN's Best Political Team, with campaign coverage, 24-7. Sign up for our twice daily Ticker emails. Got a news tip or feedback? For complete political coverage, bookmark CNNPolitics.com. CNN=Politics Screensaver
New in the Ticker
@edhenrycnn: My colleague Dan Lothian and I show what's it's like on the road with the President - http://bit.ly/7XSU53 #cnn
Updated: Tue, 08 Dec 2009 13:09:21 -0800 hambypCNN: Big game for the Hoyas tonight against Butler @ 7PM. @moelleithee, @mikemadden and @karentravers will be watching, and you should too.
Updated: Tue, 08 Dec 2009 13:04:26 -0800 @wolfblitzercnn: DNC's Tim Kaine debates RNC's Michael Steele today 6 PM Eastern in SitRoom. They disagree on how to create jobs and reform health care.
Updated: Tue, 08 Dec 2009 12:14:20 -0800 @wolfblitzercnn: Sir Nigel Sheinwald, Britain's ambassador to US, comes into SitRoom today. Afghanistan, Iraq on the agenda. Are two allies on same page?
Updated: Tue, 08 Dec 2009 11:49:31 -0800 @CNNPolitics: RT @@psteinhauserCNN: New CNN Poll: Optimism on economy fading? - http://bit.ly/5saSOJ
Updated: Tue, 08 Dec 2009 09:31:47 -0800 Categories
Archive
Popular Posts
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loading weather data ...