Stimulus Schedule
Tuesday, January 22, 2008
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The Federal Reserve moved to stimulate the economy today by cutting the Fed Funds Rate by 75 basis points. The move also put pressure on political leaders to develop their own stimulus plan. As NBR correspondent Stephanie Dhue reports, President Bush and Congress will need some time to agree on the details of that plan.
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Related NBR Stories & Links
- 01-18-08: The President's Tax Free Economic Stimulus Proposal
- 01-16-08: Recession Worries are a Capital Concern on Capitol Hill
- 01-16-08: How to Recession Proof Your Portfolio
- 01-10-08: Fed. Chairman Ben Bernanke Predicts an Interest Rate Adjustment is Needed
- 01-04-08: White House Chief Economic Adviser Ed Lazear Offers Insight on the President's Economic Meetinge
External Links/Articles*
- American Enterprise Institute (AEI)
AEI is a private, nonpartisan, not-for-profit public policy research institute. This links to a January 22, 2008 article authored by AEI fellows Bill Thomas and Alex Brill titled, "No Stimulus Gimmicks, Please." - Brookings
Brookings is a nonprofit public policy research organization. This links to a January 10, 2008 paper publised by Brookings titled, "If, When, How: A Primer on Fiscal Stimulus." - Congressional Budget Office (CBO)
The CBO "provides Congress with nonpartisan analyses for economic and budget decisions." This links to a January 22, 2008 entry in the CBO "Director's Blog," which is authored by Peter Orszag. Orszag is interviewed in Stephanie Dhue's report. The blog contains a link to the video of today's hearing by the Senate Finance Committee. - U.S. Representative Nancy Pelosi
Representative Pelosi (D - California) is the Speaker of the House of Representatives. This links to a January 22, 2008 press release issued by Speaker Pelosi's office titled, "Pelosi Statement on Today's Emergency Rate Cut by the Federal Reserve Board." - U.S. Senator Harry Reid
Senator Reid (D-Nevada) is the Senate Majority leader. This links to a January 18, 2008 press release issued by Senator Reid's office titled, "Reid Statement in Response to Bush Speech on the Economy." - The White House
This links to a copy of President Bush's January 18, 2008 speech about the economy and his economic growth package. It also contains a link to a fact sheet titled, "Taking Action to Keep Our Economy Healthy."
*Clicking these external links will take you off the NBR web site on PBS.org. NBR has no affiliation with these sites.
