January 11, 2008 / 5:29 PM / 10 years ago

FACTBOX: Clinton proposes economic stimulus plan

(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

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