Is America suffering a recession? Not yet if we believe President Bush. In a rare show of bipartisanship, Congressional Democrats pledged to work with the president to enact a plan quickly. While he did not use the word recession, he did acknowledge that “there is a risk of a downturn.”
“On Friday President Bush called for roughly $145 billion in tax relief for individuals and businesses that he said would “provide a shot in the arm” for the economy, while Congressional Democrats, in a rare show of Washington bipartisanship, pledged to work with him to enact a plan quickly.”
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