President Bush signed the $168 billion stimulus package today and gave HUD 30 days to figure out how the loan limit increases will be implemented (h/t Rhonda).
From Bloomberg on the passage of the economic stimulus package:
U.S. economic growth "has clearly slowed," Bush said in a ceremony at the White House, surrounded by congressional Democrats and Republicans who put aside differences to pass the measure last week. "The bill I'm signing today is large enough to have an impact," Bush said.
Rebate checks will be sent to more than 130 million Americans beginning in May. Those eligible for payments include 20 million senior citizens and 250,000 disabled veterans.
Economic growth in the fourth quarter slowed to a 0.6 percent annualized pace, and U.S. employers cut jobs in January for the fi
Read...Related Headlines
- Want to Know More About Me?posted 239 weeks ago on Blown Mortgage
- Off for a few daysposted 205 weeks ago on Blown Mortgage
- Magical Mystery Tourposted 231 weeks ago on Blown Mortgage
- Spread the good wordposted 241 weeks ago on Blown Mortgage
- 5.7 + 3.7 =posted 231 weeks ago on Blown Mortgage
- Sources: Wells Fargo to Eliminate 100% Financingposted 247 weeks ago on Blown Mortgage
- How we got in to this mess - a videoposted 246 weeks ago on Blown Mortgage
- Stimulus Package, New Loan Limits and a Controversial California Lawposted 225 weeks ago on Blown Mortgage
- Okay, this is just wrong?.posted 231 weeks ago on Blown Mortgage