Bush to present emergency economic measures

US Federal Reserve Chairman Ben Bernanke said on Thursday he was in favour of federal measures to boost the economy. He mentioned a temporary tax cut as one of the options. Mr Bernanke also said he is considering lowering interest rates. Analysts are expecting an interest rate cut of about half a percent.

The US markets have been rocked by a series of negative economic reports. The business banks Citigroup and Merrill Lynch recently announced multi-billion euro losses as a result of the crisis in the housing market. - By Radio Netherlands

CNN reports on Bush economic package

* President Bush is set to call for a timely, simple plan during remarks Friday

* Bush won't offer details, but he favors immediate tax relief, a top aide says

* Cash should go to people who will spend it, says ex-Treasury secretary

* Bush discussed ideas with congressional leaders Thursday

FOX News on Bush Economic Package

"President Bush will say tax rebates are the best way to stimulate the economy, but will not detail how big they should be, an administration official said Friday."

The question remains, what can the consumers do with $600 extra cash to best help the U.S. Economy.