Learning English - Words in the News
08 February, 2008 - Published 12:39 GMT
US economic stimulus package
The US congress has just approved a stimulus package worth $150 bn to help ordinary Americans deal with the economic downturn. President Bush has praised the agreement and is now expected to sign it into law. This report from Jonathan Beale:
Though there's been widespread support for a package of economic incentives - the US Senate had wrangled over different versions of what exactly that package should include. In the end though the Senate voted to support the aid plan by 81 votes to 16.
It includes temporary rebates of up to six-hundred dollars for each individual and twelve-hundred dollars for every couple. The final package also provides rebates for low income retirees and military veterans.
The House of Representatives has also approved the measures. In a statement President Bush said the Bill would help stimulate consumer spending and accelerate needed business investment.
Jonathan Beale, BBC News, Washington
the aid plan
low income retirees
stimulate consumer spending