BUSINESS
03/28/2008 02:45 am ET Updated May 25, 2011

Leading Dem Expects Stimulus In Place By March 1

Sen. Charles Schumer (D-N.Y.) said Sunday he is optimistic that an economic stimulus package can be "done, signed and ready to go by March 1."

"I think both sides of Pennsylvania Avenue, both parties, realize our economy is headed south in a significant way and we need relief," said Schumer, the chairman of the Joint Economic Committee, adding that "partisan fights and dithering" would only worsen the situation.

Speaking on Fox News Sunday, the senator noted that the White House and the majority party in Congress agree "that the centerpiece of such a plan should be tax relief particularly aimed at middle income people."

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