(Reuters) - Democratic presidential contender Hillary Clinton on Friday proposed a $70 billion emergency spending package to help victims of the U.S. housing crisis and stave off what she sees as a coming recession.
Here are the key aspects of the former first lady’s stimulus plan:
* Create a $30 billion Emergency Housing Crisis Fund for U.S. states to help families unable to make mortgage payments.
* Reduce the number of home foreclosures by introducing a 90-day moratorium on subprime foreclosures and an automatic rate freeze on subprime mortgages of at least five years.
* Provide $25 billion in emergency funds to help people pay expensive heating bills.
* Accelerating $5 billion in investments in energy efficiency and alternative energy programs.
* Invest $10 billion in extending and broadening unemployment insurance for the jobless.
* Have Congress prepare a $40 billion tax rebate package to be released if needed to low-income and middle class workers if economic conditions in the country deteriorate.
Writing by Jeff Mason in Los Angeles; editing by Stuart Grudgings