Fred Business News- President Bush told congressional leaders privately on Thursday he favors personal income tax rebates and tax breaks for businesses to help avert a recession, officials said.

They described the developments on condition of anonymity until a formal announcement was made, and no further details were immediately available about the size of the rebates or components of the emerging package.

One official said the president did not push for a permanent extension of his 2001 and 2003 tax cuts, many of which are due to expire ...   more »