Paulson: Fiscal stimulus should be quick, temporary
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Treasury Secretary Henry Paulson said on Friday that any economic stimulus program should be temporary and designed to kick in quickly if it is to be useful.
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Treasury Secretary Henry Paulson said on Tuesday that the U.S. economy remains resilient and has healthy long-term fundamentals, but has slowed "materially" in recent weeks and needs a short-term stimulus.
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Treasury Secretary Henry Paulson conceded on Tuesday the economy was being buffeted by "headwinds" but said the Bush administration has not yet decided whether it needs new stimulus measures.
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Ben S. Bernanke said he favored quick passage of an economic stimulus package in combination with the Fedâs own measures to support economic growth.
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Treasury Secretary Henry Paulson on  Wednesday stood by his view that the U.S. economy will avoid  recession this year and said the Treasury will act quickly to  distribute tax rebate payments.
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A consensus that the struggling U.S. economy needs rescue emerged on Thursday as the powerful Federal Reserve chairman backed the idea and President George W. Bush urged a quick and temporary fiscal package.
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Treasury Secretary Henry Paulson said on Thursday he was concerned that the $157 billion stimulus package passed by the Senate Finance Committee was too complex and he prefers the simpler House of Representatives version.
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A recent soft spot in US growth ought prove temporary and should not alter the Federal Reserve&#39;s plan to continue raising interest rates in a measured way, one of it&#39;s top policy-makers said on Wednesday.
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The U.S. economy will be penalized by  the current crisis in credit markets but the overall outlook  was still benign, U.S. Treasury Secretary Henry Paulson said in  a newspaper interview published on Thursday.
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Here's a new approach to tax season: Slow down.
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Consider paying lower taxes now versus higher taxes later.
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U.S. Treasury Secretary Henry Paulson   urged China on Wednesday to speed up reforms of its economy and   said the booming country would be the biggest beneficiary of   opening its capital markets to foreign investment.
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WASHINGTON -- Treasury Secretary Henry Paulson told Congress on Wednesday that the Bush administration was doing all it could to get China to move more quickly on currency reform in the face of a soaring U.S. trade deficit.
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Federal Reserve Chairman Ben Bernanke told Congress today that lawmakers should enact a fiscal stimulus package to help beleaguered consumers as recession fears grow. Economists and politicians are increasingly worried about fallout from the subprime mortgage meltdown.
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Treasury Secretary Henry Paulson will urge the Chinese to adopt economic reforms, including a more flexible currency
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President Bush said it would be a mistake to delay the stimulus bill by adding new provisions when Americans need extra cash in their wallets as soon as possible.
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U.S. Treasury Secretary Henry  Paulson on Wednesday said he was pushing China to speed up its  move toward greater currency flexibility, but he wants to  achieve more than that in the next two years.