- The biggest news is the tax rebate offered. Depending on your income, how many kids you have and your filing status, you will get between $300 and $1,200 in a tax rebate.
- An emergency Fed rate cut on Tuesday means that those with ARMs, HELOCs and credit cards may see some interest rate relief.
- We're not done bailing out the financial sector yet. Now the government is trying to help bond insurers recover from their subprime losses.
- And, on The Panelist, I point out that a tax rebate and other economic stimulus measures probably won't do anything for gas prices. In fact, if the economy gets going, oil prices are more likely to rise.
Also, here is a video I used on the Personal Finance Corner that explains the tax rebate.
Tags: tax rebate, professional blogging, economic stimulus, bond insurers,
economy, Bush Administration
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