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Presidential News

White House Considering Stimulus Package

Friday, January 04, 2008 11:00:07 PM
By MARTIN CRUTSINGER

President Bush, accompanied by Vice President Dick Cheney, left, is seen at the end of a meeting with members of the President's Working Group on Financial Markets, Friday, Jan. 4, 2008, in the Roosevelt Room of the White House in Washington. (AP Photo/Lawrence Jackson)WASHINGTON (AP) - The Bush administration, faced with a deteriorating economy and a big jump in unemployment, said Friday it was considering an economic stimulus package that might include tax cuts to ward off a recession.

Officials stressed that President Bush has not decided yet to offer a proposal but was looking at a variety of options with a plan possibly being unveiled around the time of his Jan. 28 State of the Union address.

"The president is always looking at options ... always talking to people and looking at data," Commerce Secretary Carlos Gutierrez said in an interview with The Associated Press.


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