IRS to begin mailing stimulus notices

The Associated Press WASHINGTON — Don’t be alarmed. More than 130 million households will get letters from the Internal Revenue Service beginning next week and the news is good. The letters are part of an effort to ensure people do not miss out if they are eligible for a tax rebate check under the recently […]

Bingaman participates in economic stimulus hearing

WASHINGTON – U.S. Senator Jeff Bingaman today participated in a Senate Finance Committee hearing to discuss what actions should be taken to stimulate the economy.             Bingaman is a member of the Senate Finance Committee, which will write the Senate’s version of a stimulus package.  At the hearing, Senators discussed the need to pass a […]

Domenici advocates larger economic stimulus package

WASHINGTON – U.S. Senator Pete Domenici today suggested that federal policymakers are offering “too little, too late” in terms of keeping the American economy from sliding into a recession, and suggested significantly increasing the size of an economic stimulus package.             Domenici, the former long-time chairman of the Senate Budget Committee, on Monday issued the […]

Consumer spending crucial in tax rebate plan

By Kevin Wilson: Freedom New Mexico It’s still up in the air whether the United States is heading for a recession. Likewise, it’s in the air if rumored stimulus packages would do anything to slow or stop one. President Bush on Friday pushed for an economic stimulus package, consisting of as much as $150 billion […]

Bush stimulus does little on Wall Street

The Associated Press NEW YORK — Wall Street ended a painful week with another decline Friday as skittish investors unable to hold on to much optimism about the economy drew little comfort from President Bush’s stimulus plan. The day’s trading reflected how fractious Wall Street has been in the new year. Investors pulled back from […]

Domenici: Need for economic stimulus

          CARLSBAD, N.M. – U.S. Senator Pete Domenici, a member of the Senate Budget Committee, today issued the following statement regarding proposals for an economic stimulus to energize the U.S. economy:             “While there are economic bright spots in New Mexico, there is no doubt that the national economy is in trouble.  I was […]