WASHINGTON — The $150 billion economic stimulus package agreed between House leaders and the White House Thursday should give a boost to retailers this summer by injecting fresh cash into the hands of consumers, although the news didn't help retail stocks as they lagged behind broader gains on Wall Street.
In what has become a rare instance of bipartisan politics, House Speaker Nancy Pelosi (D., Calif.), Minority Leader John Boehner (R., Ohio) and Treasury Secretary Henry Paulson Jr. unveiled the deal aimed at reviving the faltering economy at a press conference on Capitol Hill. The package includes about $100 billion in tax rebates and $50 billion for business tax cuts.
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