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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Nemer who wrote (40177)	7/9/2001 1:04:26 PM
From: Jeff Jordan	Respond to of 50167

<g>...all current from here: Subject 50820 <g> White House: Bush sees rebound after rate, tax cuts 7/9/2001 12:45:00 PM WASHINGTON, July 9 (Reuters) - U.S. President George W. Bush believes the economy will begin to rebound following interest rate cuts by the Federal Reserve and the signing of his $1.35 trillion tax cut, White House spokesman Ari Fleischer said on Monday. "The nation's economy has been in an approximate one-year slowdown. It is reaching the point, where, as a result of the six cuts in rates by the Federal Reserve, in combination with the tax cut that is about to be received by the consumers, the president believes that the economy will start to come back," Fleischer told reporters. He noted "most economists" believe the recovery will begin late this year.