US House clears Obama’s $819-billion stimulus bill
The US House passed President Barack Obama’s $819 billion stimulus package without any Republican votes as lawmakers remained divided over whether the plan would do enough to pull the economy out of recession.
By Bloomberg |
WASHINGTON: The US House passed President Barack Obama���s $819 billion stimulus package without any Republican votes as lawmakers remained divided over whether the plan would do enough to pull the economy out of recession.
The 244 to 188 vote on Wednesday night sends the measure to the Senate, where Republicans will have more power to demand changes. They are calling for more tax cuts, less spending and a bigger focus on housing in the measure. The chamber is likely to begin work on the plan on February 2.
The stimulus measure is separate from the administration���s plan to shore up the banking system, which may cost in excess of $1 trillion. Obama on Wednesday urged lawmakers to work out their differences in the next few weeks, saying delay in passing a final bill would cost more people their jobs.
���The workers who are returning home to tell their husbands and wives and children that they no longer have a job...are looking to Washington for action,��� Obama told reporters.
The 244 to 188 vote on Wednesday night sends the measure to the Senate, where Republicans will have more power to demand changes. They are calling for more tax cuts, less spending and a bigger focus on housing in the measure. The chamber is likely to begin work on the plan on February 2.
The stimulus measure is separate from the administration���s plan to shore up the banking system, which may cost in excess of $1 trillion. Obama on Wednesday urged lawmakers to work out their differences in the next few weeks, saying delay in passing a final bill would cost more people their jobs.
���The workers who are returning home to tell their husbands and wives and children that they no longer have a job...are looking to Washington for action,��� Obama told reporters.
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