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Bush, Bernanke Now Supporting New Stimulus Bill

It is beginning to look as if another economic stimulus package is in the cards for Americans as President Bush and Fed Chairman Bernanke, previously opposed to the bill, changed their tune and announced support of the idea. “With the economy likely to be weak for several quarters, and with some risk of a protracted slowdown, consideration of a fiscal package by the Congress at this juncture seems appropriate,” Bernanke commented. Specific details of the package have yet to be established, but the Bush administration has promised to consider enacting the bill following its passage through Congress.

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