Friday, January 16, 2009

Senate and House Act to Get the Economy Back on Track

In addition to the $825 billion fiscal recovery package unveiled by House Democrats yesterday, President-elect Barack Obama's plan to stimulate the economy saw another victory Thursday, as the Senate voted to release the second half of the Treasury’s $700 billion financial bailout fund. To avoid a block vote by the Senate, 6 Republicans joined 46 Democrats in voting to release $350 billion in bailout money. The Senate’s vote assures that the money will be released and means that no action by the House is necessary.

No comments: