The business trade group predicts economic recession will hit bottom mid-year, warns against adding more regulatory burdens By Tavia Evans Gilchrist The U.S. Chamber of Commerce is urging passage of a large stimulus package to restore “liquidity and confidence to the economy,” noting that unemployment would likely rise to 8.5% or even nine percent and that U.S. companies would need “breathing room” to prevent layoffs and prolonged recession. During a media briefing Wednesday, the business lobby showed support for the bundle of tax cuts and relief measures for U.S. companies and the investments in infrastructure that President-elect Obama has proposed. But they also warned… Read More