US to You: $600 Check's in Mail

Bipartisan compromise would put $600 in your pocket
By Kevin Spak,  Newser Staff
Posted Jan 24, 2008 10:39 AM CST
President Bush, center, flanked by House Speaker Nancy Pelosi of Calif., left, and Senate Majority Leader Harry Reid of Nev., meets with Congressional leaders to discuss the economy, Tuesday, Jan. 22,...   (Associated Press)
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(Newser) – Congress today announced an economic stimulus package that would put a $600 check in every American taxpayer's mailbox by early summer, sources tell CNN, and a likely $300 per child. The refunds are "there to strengthen the middle class, to create jobs and to turn this economy around," said Nancy Pelosi in announcing the deal this afternoon.

The deal also contains tax breaks for businesses, one of several concessions Democrats made to get the deal done. They also dropped proposed unemployment and food stamp boosts, while Republicans agreed to include people who pay into Social Security, but not income tax. Now, party leaders are selling the deal in Congress, hoping to cut the checks by June.