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House passes Obama's economic stimulus bill
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| Contributor | RBH |
| Last Edited | RBH Feb 13, 2009 01:37pm |
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| Category | News |
| News Date | Saturday, February 14, 2009 07:00:00 PM UTC0:0 |
| Description | The House has passed a $787 billion plan to resuscitate the economy, handing President Barack Obama a big victory.
The measure was passed on a 246-183, with no Republican "yes" votes. It will now go to the Senate, where a vote is expected later Friday.
The eight-inch thick measure combines tax cuts for individuals and businesses with a half-trillion dollars in government spending for infrastructure, health care and help for cash-starved state governments. Seniors would get a $250 bonus Social Security check.
Eight Democrats voted against the bill.
Obama claims that the plan will save or create 3.5 million jobs. But Republicans said it won't work because it has too little in tax cuts and spreads too much money around to everyday projects like computer upgrades for federal agencies. |
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