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WASHINGTON, DC - April 25: House Speaker Nancy Pelosi, D-Calif., House Majority Leader Steny Hoyer, D-Md., and House Minority Leader John A. Boehner, R-Ohio, during a news conference on tax rebates. As congressional Democrats debate when and how to advance a second economic stimulus package, President Bush announced Friday that tax rebates approved earlier this year will start going out Monday. "It's obvious our economy is in a slowdown. Fortunately, we recognized the signs early and took action," Bush said at the White House. "On Monday, the Treasury Department will begin delivering the first of these tax rebates by direct deposit. During the first week alone nearly 7.7 million Americans will receive their tax rebates electronically. Then on May 9th, the IRS will begin mailing checks to millions more across America," he said. Working with unusual speed and bipartisanship, House leaders struck a deal with the administration on Jan. 24 and cleared the first stimulus package (PL 110-185) on Feb. 7 in a bid to get cash into the hands of American consumers quickly in hopes they would spend it. Consumer spending accounts for roughly 70 percent of gross domestic product. (Photo by Scott J. Ferrell/Congressional Quarterly)

WASHINGTON, DC - April 25: House Speaker Nancy Pelosi, D-Calif., House Majority Leader Steny Hoyer, D-Md., and House Minority Leader John A. Boehner, R-Ohio, during a news conference on tax rebates. As congressional Democrats debate when and how to advance a second economic stimulus package, President Bush announced Friday that tax rebates approved earlier this year will start going out Monday. "It's obvious our economy is in a slowdown. Fortunately, we recognized the signs early and...
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