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JABush Calls for Economic Relief
January 18, 2008
President Bush, in an announcement made at the White House, called for an economic stimulus package worth more than $145 billion. The announcement comes just a day after Fed chairman Ben Bernanke testified on Capitol Hill that the US economy was slowing and trading on Wall Street reflected fears of recession. The recent slump in housing prices and a rise in inflation have also placed a squeeze on consumer spending.
