The proposed economic stimulus package, with an additional $44 billion in payouts, falls short in the Senate.
The fate of $600-$1,200 rebate checks for more than 100 million Americans is in limbo after Senate Democrats failed Wednesday to add $44 billion in help for the elderly, disabled veterans, the unemployed and big business to the House-passed economic aid package.
Republicans banded together to block the $205 billion plan from advancing Wednesday, leaving Democrats with a difficult choice either to quickly accept a House bill they have said is inadequate or risk being blamed for delaying a measure designed as a swift shot in the arm for the lagging economy.
The tally was 58-41 to end debate on the Senate measure, just short of the 60 votes Democrats would have needed to scale procedural hurdles and move the bill to a final vote. In a suspenseful showdown vote that capped days of partisan infighting and procedural jockeying, eight Republicans - four of them up for re-election this year - joined Democrats to back the plan, bucking GOP leaders and President Bush, who objected to the costly add-ons.
Read Complete Story
Thursday, February 7, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment