Home / Knowledge / News / Stimulus plans will spur long-term economy growth - Chamber
Stimulus plans will spur long-term economy growth - Chamber
25
Jan '08
The U.S. Chamber of Commerce said that a White House and Congressional agreement on an economic stimulus plan will spur business investment, consumer spending, increase productivity and put the U.S. economy back on track for long-term growth.

“This plan is good for American businesses and families,” said Chamber President and CEO Tom Donohue. “It will go a long way to spurring investment and increasing productivity—two key ingredients to putting us back on the path for economic growth.”

The Chamber has been advocating an economic stimulus package of at least $150 billion aimed at both consumers and the business community to encourage both spending and investment. “We believe the elements of the stimulus package negotiated in the House are complementary to the aggressive interest rate cut made by the Federal Reserve earlier this week, which we also had called for,” said Donohue

Chamber leaders praised the President, House Speaker Nancy Pelosi, Republican leader John A. Boehner, and Treasury Secretary Henry M. Paulson Jr. for quickly responding to the needs of the economy. Earlier this week during the Chamber's Policy Insiders Breakfast with Secretary Paulson, Chamber members and business leaders met to discuss the concerns about the U.S. economy, housing, and credit markets.

“It seems the members of Congress heard the same concerns from constituents over the holidays that we have been hearing from businesses for months- that something smart and real must be done to stimulate this economy,” Donohue added.

“With history as our guide, this stimulus plan will boost consumer confidence and help millions of struggling small businesses and unemployed workers. Now that we have a plan, Congress needs to keep the current momentum and wrap this up right away.”

The U.S. Chamber of Commerce is the world's largest business federation representing more than 3 million businesses and organizations of every size, sector, and region.

U.S. Chamber of Commerce

Must ReadView All

Textiles | On 21st Feb 2017

Net profit at Indorama Ventures zooms 145% in 2016

Net profit at Thailand headquartered and Aloke Lohia led Indorama...

Information Technology | On 21st Feb 2017

ThreadSol launches IntelloBuy & IntelloCut in Vietnam

ThreadSol, the pioneer of enterprise material management for sewn...

Textiles | On 21st Feb 2017

GST to reduce documentation for logistics firms: CBRE

The Goods and Services Tax (GST) is likely to result in a reduction...

Interviews View All

Anshul Sood
Oceedee

‘Indian footwear market is nascent and largely a trend follower’

Rahul Bhadani
Looksgud

Navigating through catalogues is a bit hasslesome

Janak Dhamanwala & Sunil Dhamanwala
Jansun

Moving towards sustainability is also a social change

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
February 2017

February 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search