WASHINGTON – President Barack Obama's economic recovery plan has passed the Senate and is on its way to difficult House-Senate negotiations. Just three Republicans helped pass the plan on a 61-37 vote and they're already signaling they'll play hardball to preserve more than $108 billion in spending cuts made last week in Senate dealmaking. Obama wants to restore cuts in funds for school construction jobs and help for cash-starved states.
Those cuts are among the major differences between the $819 billion House version of Obama's plan and a Senate bill costing $838 billion. Obama has warned of a deepening economic crisis if Congress fails to act. He wants a bill completed by the weekend
Tuesday, 10 February 2009
Subscribe to:
Post Comments (Atom)
Posts
The passing of this plan is significant and a great move towards stopping the recession.i think America need to unite now and forget about party politics and concentrate on moving the nation forward and putting the economy back on the right path.
ReplyDelete