Word: billion
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...pass a massive economic-stimulus bill last January, he offered Republicans outstretched arms, saying he wanted to seek "solutions that advance not the interests of any party, or the agenda of any one group, but the aspirations of all Americans." Ten months later, he is asking for perhaps $200 billion more, but this time he comes ready to rumble...
...never explained when the plan would go into effect. As he has done in the past, the President is leaving most of those details to Democrats in Congress, who are likely to split up his requests into separate measures over the coming months. Obama wants about $50 billion in new spending on roads and bridges, new tax incentives for small-business hiring, a zeroing of the capital gains tax for small businesses and an extension of several other small-business incentives. Congress is sure to add its favorites before it is finished...
...Though the President did not offer a cost - estimates on Capitol Hill have put the total bill at anywhere between $75 billion and $200 billion - he did justify the new spending by citing nearly $200 billion in unspent or returned funds from the Troubled Asset Relief Program, or TARP. "This gives us a chance to pay down the deficit faster than we thought possible and to shift funds that would have gone to help the banks on Wall Street to help create jobs on Main Street," he said...
...President's logic is at odds with the initial premise of TARP, which was sold to Congress as a loan program that would be mostly paid back to the Treasury, where its proceeds would be used to pay down the deficit. "The $700 billion program we have proposed is not a spending program," former Treasury Secretary Hank Paulson explained before Congress in September 2008. It didn't take long for Republicans to take that position. "The stimulus money clearly was a spending bill. TARP was a loan - a loan to be paid back. And we know that a number...
...husband, who was 22 years her senior, to adopt Borja and to give him the Thyssen surname. She and Thyssen also adopted two girls. In March 2002, Thyssen, who died later that year, settled an expensive lawsuit with his eldest son over the disposition of the family's $2 billion trust...