Stimulus Package Of 2008

The 2006 housing market slowdown had affected the economy.

Stimulus package of 2008. The 2 trillion aid package included a 1 200 stimulus check to eligible adults earning up to 75 000. Couples earning up to 150 000 would receive 2 400. The stimulus payments will go out through the late spring and summer.

He wanted the 168 billion economic stimulus package to prevent a looming recession. Eligible families would receive an additional 500 for each child under the age of 17. The vast majority of americans who qualify for an economic stimulus payment will not.

The stimulus package was passed by the u s. The senate version was then approved in the house the same day. House of representatives on january 29 2008 and in a slightly different version by the u s.

The goal of the package was to stimulate consumer spending and encourage businesses to expand hopefully creating more jobs and further jump starting the economy. The economic stimulus act of 2008 was an act of congress providing for several kinds of economic stimuli intended to boost the united states economy in 2008 and to avert a recession or ameliorate economic conditions. The economic stimulus package of 2008 was an ambitious bill passed by the united states congress in an attempt to address the faltering american economy.

It was signed into law on february 13. Senate on february 7 2008.