Friday, 13 February 2009

House passes Obama's economic stimulus bill

Feb 13, 2009 Mod Loan Center

WASHINGTON (AP) - Handing the new administration a big win, the House Friday passed President Barack Obama's $787 billion plan to resuscitate the economy.

The bill was passed 246-183 with no Republican help. It now goes to the Senate where a vote was possible late Friday to meet a deadline of passing the plan before a recess begins next week.

All but seven Democrats voted for the bill - a 1,071 page, 8-inch-thick measure that combines $281 billion in tax cuts for individuals and businesses with more than a half-trillion dollars in government spending. The money would go for infrastructure, health care and help for cash-starved state governments, among scores of programs. Seniors would get a $250 bonus Social Security check.

Told that no Republican backed the measure, White House press secretary Robert Gibbs reacted by citing another number: "3.5 million jobs that we look forward to saving or creating."

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