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Treasury Economic Update 5.2.08

News release: “Today’s employment report indicates that the U.S. economy continues to work through substantial challenges from the housing adjustment, high energy and food prices, and financial market conditions. The Treasury Department sent out 7.7 million economic stimulus payments to American households this week, and the payments will continue through mid-July. These payments, combined with the business investment incentives also included in the stimulus package, will provide significant support to household and business spending in the middle of the year.” Assistant Secretary Phillip Swagel, May 2, 2008

  • White House Fact Sheet: Addressing Economic Pressures Affecting American Families, May 2, 2008
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