Business this week:
George Bush signed an economic stimulus package that will supply $168 billion—$152 billion of it this spring. The measure forms part of a government endeavour to stave off a recession in America.
It ensures that rebates of up to $1,200 will be posted to households and also provides businesses with new tax breaks. Earlier, Hank Paulson, the treasury secretary, announced another initiative to help struggling homeowners by placing a 30-day freeze on certain kinds of foreclosures. RealtyTrac, an online property firm, said that foreclosures in America's largest urban areas rose by 78% last year, to 1.8m.
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