Some of the economic aftershocks were just starting to come into focus. On Capitol Hill, members of both parties said it was increasingly likely that Congress and the Bush administration would agree to spend whatever is necessary in response to the attack, a step that would provide another fiscal stimulus to the economy.
President Bush and Congress agreed a few hours later to spend as much as US$20 billion to respond to the attacks. The agreement will almost certainly lead both parties to set aside their agreement not to spend any of the Social Security surplus. With that agreement now moot, Congress now has more flexibility to pass another round of tax cuts to stimulate the economy.
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