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FRIDAY, NOVEMBER 27, 2009
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US to You: $600 Check's in Mail

Bipartisan compromise would put $600 in your pocket

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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.

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, 2008, in the Cabinet Room of the White House in Washington. (AP Photo/Pablo Martinez Monsivais)
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)
House Speaker Nancy Pelosi of Calif., discusses a bipartisan economic stimulus package during a news conference on Capitol Hill in Washington Thursday, Jan. 24, 2008, accompanied by House Minority Leader John Boehner of Ohio, right, and Treasury Secretary Henry Paulson. (AP Photo/Dennis Cook)
House Speaker Nancy Pelosi of Calif., discusses a bipartisan economic stimulus package during a news conference on Capitol Hill in Washington Thursday, Jan. 24, 2008, accompanied by House Minority Leader...   (Associated Press)
Treasury Secretary Henry Paulson, center, flanked by House Minority Leader John Boehner of Ohio, left, and House Speaker Nancy Pelosi of Calif., gestures while discussing a bipartisan economic stimulus package, Thursday, Jan. 24, 2008, during a news conference on Capitol Hill in Washington. (AP Photo/Dennis Cook)
Treasury Secretary Henry Paulson, center, flanked by House Minority Leader John Boehner of Ohio, left, and House Speaker Nancy Pelosi of Calif., gestures while discussing a bipartisan economic stimulus...   (Associated Press)
House Speaker Nancy Pelosi of Calif., center, smiles toward Treasury Secretary Henry Paulson, right, during a news conference on Capitol Hill in Washington, Thursday, Jan. 24, 2008, where they discussed a bipartisan economic stimulus package. House Minority Leader John Boehner of Ohio is at left. (AP Photo/Dennis Cook)
House Speaker Nancy Pelosi of Calif., center, smiles toward Treasury Secretary Henry Paulson, right, during a news conference on Capitol Hill in Washington, Thursday, Jan. 24, 2008, where they discussed...   (Associated Press)
President Bush with Treasury Secretary Henry Paulson addresses the media in the Roosevelt Room of the White House in Washington, Tuesday, Jan. 22, 2008. President Bush has formed an Advisory Council on Financial Literacy.(AP Photo/Lawrence Jackson)
President Bush with Treasury Secretary Henry Paulson addresses the media in the Roosevelt Room of the White House in Washington, Tuesday, Jan. 22, 2008. President Bush has formed an Advisory Council on...   (Associated Press)
Treasury Secretary Henry Paulson walks to a meeting with House Speaker Nancy Pelosi of Calif. at the Capitol on Wednesday, Jan. 23, 2008 in Washington. Secretary Paulson met with Congressional leadership to discuss the White House plan on emergency tax cuts and benefit increases to jolt the economy out of...
Treasury Secretary Henry Paulson walks to a meeting with House Speaker Nancy Pelosi of Calif. at the Capitol on Wednesday, Jan. 23, 2008 in Washington. Secretary Paulson met with Congressional leadership...   (Associated Press)
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