Clinton Unveils $70B Fix for Economy

Hillary Clinton upstaged her rivals today by proposing $70 billion in emergency spending to help avoid a US recession, Reuters reports. Her plan would include $30 billion for homeowners, $25 billion for families with high energy bills, and another $15 billion aimed at unemployment insurance and alternative energy plans—all on borrowed money. "I don't think we can wait," Clinton said during a stop in California.

Romney  blasted her plan, which he said "ignores innovation and instead grows the size and role of government." Other GOP hopefuls joined today's economic debate: John McCain attacked Romney's promise to bring back textile and manufacturing jobs, as Rudy Giuliani proposed a $3,000 tax cut for middle Americans. Meanwhile President Bush is said to be mulling a tax rebate to help spark the US economy, Bloomberg reports. (More recession stories.)