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"Time is of the essence and the president stands ready to work on a bipartisan basis to enact economic growth legislation as soon as possible," Paulson said in remarks to the U.S. Chamber of Commerce. He spoke as House Speaker Nancy Pelosi and leaders in both parties prepared to meet with President Bush at the White House to discuss a stimulus bill.
Such legislation presumably would involve tax rebates, business tax cuts and funding for a Democratic-led call for additional food stamp and employment aid.
Paulson said he was optimistic that the administration could find "common ground" with Congress and "get this done long before winter turns to spring."
Bush last Friday put forward the broad outlines of a stimulus plan of around $150 billion that would include tax cuts for individuals and businesses.
[Associated
Press; By ANDREW TAYLOR]
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