Friday, February 6, 2009

Senate passes tentative stimulus bill

U.S. senators reached agreement on a tentative economic stimulus package with a price tag of $780 billion.

Democrats relented on the bill which at one point was costing $900 bn.

A number of senate Republicans, though, including Sen. John McCain are opposed to the deal. "This is not bipartisan," said McCain. "If this legislation is passed, it'll be a very bad day for America." However, Democrats think that they have enough votes to get the bill passed.

Senators Reach Tentative Deal on $805B Economic Stimulus Bill
FOXNews - 1 hour ago
Republican Sens. Arlen Specter of Pennsylvania and Susan Collins of Maine have signed onto the bill, giving Democrats enough votes to move it forward Senators, led by Minority Leader Mitch McConnell and Majority Leader Harry Reid, have been wrangling ...
Video: Democrats Say Stimulus Plan Progressing AssociatedPress

google news commentComment by Adam S. Posen Dep. Dir., Peterson Institute for Int'l Economics

1 comment:

Betsy for Obama said...

Finally some change this country needs!! Keep on Barackin in the Free World Mr. President! I had to buy 3 of these shirts, one for me, my daughter and my husband :)

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