Tuesday, February 10, 2009

Senate passes the stimulus bill

Now it goes to conference, with both sides (House and Senate) at the table to negotiate the final bill. The bill then goes to final vote in the House and Senate. Hopefully this bill will be final next week.

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. read more here

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