Source:
BloombergFeb. 13 (Bloomberg) -- The Senate began voting on President Barack Obama’s $787 billion economic stimulus plan hours after the House, with no Republican votes, passed the package designed to help revive the U.S. economy.
Senate approval would send the plan to Obama for his signature, giving him the first major legislative victory of his administration. The plan, passed 246 to 183 by the House, would provide tax cuts for businesses and families and a half-trillion dollars in federal spending. Seven Democrats voted against the bill in the House.
“After all the debate, this legislation can be summed up in one word: Jobs,” said House Speaker Nancy Pelosi, a California Democrat, during today’s floor debate. “The American people need action and they need action now.”
The final Senate tally may be delayed until late tonight as one member, Sherrod Brown, returns to Washington from Ohio following the death of his mother.
Because of paperwork that needs to be done, the legislation will reach the president’s desk “no earlier than Monday,” White House press secretary Robert Gibbs said.
Read more:
http://www.bloomberg.com/apps/news?pid=20601087&sid=ar415lsqeMzE&refer=home