President Bush told Congress he wants an economic stimulus bill on his desk by Christmas.
On Tuesday, Daschle wrote Bush, proposing to bring a scaled-back economic stimulus bill to the Senate floor.
Democrats made it clear that they plan to put their stamp on the massive economic stimulus bill.
In the interim, financial regulatory reform became something of a sideshow to the economic stimulus bill and health care overhaul.
That's why states are eagerly awaiting passage of the economic stimulus bill.
"So it's pretty urgent that the economic stimulus bill not only address the job situation, but address health insurance coverage too, " she says.
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The good news, as the Committee will also establish, is that billions of dollars have been allocated in the economic stimulus bill for upgrading the grid.
The economic stimulus bill was approved by Congress last week.
Congress is on the verge of increasing funding for food stamps as part of the economic stimulus bill, because of the steep rise in the number of Americans applying for the aid.
Taylor noted that he was still reviewing the plan, but he said he was troubled by the additional spending for many government programs on top of the funding agencies received in the economic stimulus bill.
On the economic front, Bush made a pitch for legislation designating Lower Manhattan as a "liberty zone" as part of an economic stimulus bill, which he still hopes to see passed despite a Senate setback.
The payroll tax holiday would replace a provision in the House-passed economic stimulus bill to send rebate checks to those who did not receive them this summer -- those who do not make enough to pay income tax but are still subject to payroll taxes.
That means by the time either Barack Obama or John McCain moves into the White House, most of the government's bailout actions will be in place, the executive branch will have unprecedented authority to deal with the financial problem, and Congress will likely send the president another economic stimulus bill to sign.
"I don't want to get into a protracted debate about economic stimulus simply because the bill is going nowhere, " Daschle said of the House legislation.
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