Word: stimulus
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...financial and credit systems. Traders are sending a message and have decided not to be subtle about it. America is spreading itself too thin. It has taken on obligations to assist many of its largest financial institutions, aid hundreds of thousands of homeowners, create jobs through an economic stimulus package, and give a large portion of the working population tax cuts. Wealthy citizens and corporations will be required to pay more to offset these obligations. This income will only make a difference if these sources have more to pay. A deep recession can be a great leveler...
...approval of the new concentration comes on the heels of the recent passage of President Barack Obama’s $787 billion stimulus package—a boon for stem cell researchers who are now eligible for some of the $10.4 billion earmarked for the National Institutes of Health, typically a generous source of federal funding for biomedical researchers at Harvard...
...applications is concurrent with additional education funding from the $787 billion American Recovery and Reinvestment Act. The ARRA will provide an additional $17 billion for Pell Grants in fiscal years 2009 and 2010; funding for the current fiscal year is $16.2 billion, with 6.1 million students participating. The stimulus package is also providing nearly $14 billion in tuition tax credits for middle-class families, raising the current cut from $1,800 to $2,500. “With regards to Pell grants and student loans, the funding is in place, so even though there is an increase in applications...
First there was last winter's $168 billion economic stimulus package, followed by a $300 billion fund in June to help distressed mortgage holders. Then came $350 billion for the banks (and a little of that for the car companies), another $350 billion for the banks, $787 billion in economic stimulus and $410 billion in an earmark-packed spending package for fiscal 2009 that Congress passed on Tuesday. Dizzy? A little nauseous? So are the moderate Democrats in Congress who are usually the gatekeepers of the federal piggy bank - the same fiscal conservatives who helped lead the bipartisan coalition...
...enables the other team to beat up on it - the truth is that it's honest and truthful," says Representative John Tanner, a Tennessee Democrat and member of the so-called Blue Dog group of 47 fiscally conservative Dems in the House, six of whom voted against Obama's stimulus plan. (See who's who in Obama's White House...