US Clears the $819 Billion Stimulus Package

As desperately needed package of stimulus of worth $800 Billion passed in house where in all Democratic senators voting in favor of the bill & republicans against the bill. The bill is expected to be discussed in senate from Monday & finally signed in the Feb mid...

The stimulus package is expected to contain the major spending & tax cuts.

This was an expected move because of the pace at which job losses happenings in the US from couple of months is very high. And the gloomy forecast of the economy by IMF suggesting the -1.6% growth for US & rest of the world is as follows...




Reference
Yahoo
mint