US President George W Bush has confirmed he will sign a $152 billion economic stimulus package into law next week.
The US Senate and House of Representatives rubber-stamped the measure yesterday.
The plan consists of a series of tax rebates and business incentives aimed at avoiding an election-year recession in the struggling US economy.
The legislation will provide one-time rebates of up to $600 for individuals or $1,200 for couples, plus $300 for each child.
Low-income people, including retirees on Social Security and disabled veterans who pay no income taxes, would receive checks of $300.
However, some analysts believe that while the measures will buy time, they may not be enough to avert recession.
