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Summers on recession
Former Treasury Secretary Lawrence Summers is the latest voice to chime in with recommendations for the government on how to avoid a recession. He said the administration needs to think about a $50 billion to $75 billion tax cut and spending package. Summers also wants to see more aggressive action from the Fed. He made the comments to the Wall Street Journal ahead of a speech today to the Brookings Institution.
Posted on December 19, 2007 5:42 AM PT | Permalink
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