economic stimulus

Personal income fell in July by the biggest drop in 3 years after surging the prior two months because of $90 billion in economic stimulus payments.

Disheartening news for the next President…

WASHINGTON (AFP) — The US government’s budget deficit is expected to balloon to a record 482 billion dollars in the next fiscal year, largely due to an emergency economic stimulus and a slowing economy, a White House report showed Monday.

The report revealed that the Office of Management and Budget (OMB) had trimmed its budget deficit prediction for 2008 by 21 billion dollars to 389 billion.

Wal-Mart Stores Inc. trounced analyst expectations Thursday with a 5.8% jump in June sales for stores open at least one year, attributing the increase to the government's economic stimulus payments.

The economic stimulus checks intended to alleviate financial burdens caused by a struggling economy have ultimately been spent on gasoline, according to a report released Wednesday.

Households have spent an average of $1,500 on gasoline over the past 19 weeks since the government began to distribute the checks, which provide $1,500 on average to qualifying families, according to the "Squandering the Stimulus" report released by the U.

The Treasury Department said Friday that it sent out 9.1 million economic stimulus checks this week, totaling $6.9 billion.

The government has intercepted $842 million in economic stimulus payments for 1.5 million Americans who have skipped out on child support obligations, student loans or tax bills.

The dismal jobs report on Friday has prompted renewed calls for a second congressional effort to stimulate the economy.

The Treasury Department said Friday it sent out 5.7 million economic stimulus payments this week, totaling more than $4 billion, as part of the government's plan to reinvigorate the nation's sluggish economy.