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Democrats Are Weighing More Tax Rebates, Pelosi Says
05:08, Tuesday, July 15, 2008
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"Alan Blinder a former vice chairman of the Federal Reserve and a Princeton University economist, said the U.S. is experiencing a series of ``rolling financial crises'' and that the impact of the earlier round of tax rebates has been ``swallowed up'' by rising energy prices.
``The U.S. economy is in a recession that is probably getting worse,'' said Alan Sinai, chief global economist at Decision Economics Inc., who, like Blinder, attended the meeting with Democrats. "
Link to article in its entirety below
http://www.bloomberg.com/apps/news?pid=20601087&sid=a5P_x5HfhQA0&refer=worldwide
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