LOS ANGELES (Reuters) - Democratic presidential contender Hillary Clinton on Friday proposed $70 billion in emergency spending to stave off a possible U.S. election-year recession, upstaging Republican rivals who clashed over the economy but offered few specifics.
The New York senator proposed $30 billion to help low-income families hit by the mortgage crisis and $40 billion in other spending, mainly for the poor and unemployed. As the United States heads toward the November presidential election, Clinton also urged Congress to prepare an additional $40 billion tax rebate for low- and middle-income residents if the economy declines.