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David Stanley Ford

In brief: New stimulus becomes law

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Published: November 7, 2009

New stimulus becomes law

President Barack Obama signed a $24 billion economic stimulus bill into law Friday, giving tax incentives to prospective homebuyers and additional jobless benefits to those idled by the business slump. The White House said the law, which also includes tax cuts for struggling businesses, builds on provisions in the $787 billion stimulus package enacted last February to avert an economic meltdown.

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Inventories fall again
Businesses cut inventories at the wholesale level for a record 13th consecutive month in September, but sales rose for a sixth straight time. The Commerce Department said Friday that businesses reduced inventories 0.9 percent in September, slightly less than expected. Sales by wholesalers rose 0.7 percent, slightly better than the 0.6 percent gain economists expected.

From wire reports

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David Stanley Ford


Related Topics: U.S. Government, Public Finance, Domestic Policy, Political Policy, Politics, U.S. Politics, Business, Economic Indicators, Taxes, Economic Policy, Tax Policy, Real Estate, Real Estate Sales, Labor Market, Unemployment Rate, Economic Stimulus


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