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News > Economy
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Stimulus plan in the works
graphic December 12, 2001: 10:32 a.m. ET

Congress looks to pass an economic stimulus package before the holidays.
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NEW YORK (CNN/Money) - With the Federal Reserve Board cutting interest rates Tuesday for the 11th time this year to prop up the struggling economy, Congress is under pressure to pass a fiscal stimulus package before the holidays.

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President Bush proposed a compromise on the package, including tax rebates for low-income workers, accelerated tax cuts for those in the 27 percent bracket, and tax cuts to spur business investments.

CNNfn's Deborah Marchini takes a look at the stimulus package on Before Hours. graphic




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