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

Courtesy: Myntra

Apparel/Garments | On 3rd Dec 2016

Myntra to be EBITA positive by FY18: CEO Narayanan

Myntra is on track to achieve sustainable growth and be EBITA...

Courtesy: India ITME Society

Textiles | On 3rd Dec 2016

India ITME 2016 opens with over 1050 exhibitors

The India International Textile Machinery Exhibition (India ITME)...

Courtesy: Bruckner

Textiles | On 3rd Dec 2016

Indian textile companies opt for Brückner stenter lines

Indian textile firms Laxmipati Sarees, makers of polyester sarees and ...

Interviews View All

Victor Chao
Esmetex

‘In future, clothing boundary lines will become increasingly blurred.’

Kamlesh Vaghela
RK Textiles

Very few machinery manufacturers have R&D units

Ghanshyam Ghoghari
Kimora Fashion

Bridalwear is not about reds and whites anymore

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Kai Poehler
Voith Paper GmbH & Co. KG

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

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

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
December 2016

December 2016

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

SUBSCRIBE


Browse Our Archives

GO


Advanced Search