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House OKs $819B stimulus bill in win for Obama
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| Contributor | RP |
| Last Edited | RP Jan 28, 2009 06:14pm |
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| Category | Proposed Legislation |
| Media | Website - Yahoo News |
| News Date | Thursday, January 29, 2009 12:10:00 AM UTC0:0 |
| Description | In a swift victory for President Barack Obama, the Democratic-controlled House approved a historically huge $819 billion stimulus bill Wednesday night with spending increases and tax cuts at the heart of the young administration's plan to revive a badly ailing economy. The vote was 244-188, with Republicans unanimous in opposition despite Obama's pleas for bipartisan support.
"This recovery plan will save or create more than three million new jobs over the next few years," the president said in a written statement released moments after the House voted.
Earlier, Obama declared, "We don't have a moment to spare" as congressional allies hastened to do his bidding in the face of the worst economic crisis since the Great Depression.
The vote sent the bill to the Senate, where debate could begin as early as Monday on a companion measure already taking shape. Democratic leaders have pledged to have legislation ready for Obama's signature by mid-February. |
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