US Treasury Secretary Henry M. Paulson has tipped the American economy will "move on to new heights" following this current period of uncertainty.
Speaking in Kansas City overnight, Secretary Paulson says he expects President Bush’s $100bn household stimulus package, currently in the distribution process, will aid the ailing economy immediately. Paulson says the payments, in addition to the $50bn business relief, will help the US economy through its “difficult patch”. “Our economy had been growing for more than six straight years when growth started to slow last winter. And it has remained slow in the first part of 2008,” the Secretary says. “We expect that these payments will help right away, help individuals, families and ou...
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