Senate approves economic stimulus program

Posted by Leslie Bauer on Thursday, February 7th, 2008 at 9:20pm.

 The Senate overwhelmingly approved a $168 billion economic stimulus program on Thursday afternoon, sending it to the House for final passage on Thursday evening so that it can be sent quickly to President Bush’s desk.

The 81-to-16 vote came after Senate Democrats agreed to add only payments for senior citizens and disabled veterans to a package already approved overwhelmingly by the House with the backing of President Bush. The Democratic senators had wanted to add more than $40 billion to the House version, a proposal that would have brought the cost of the package to about $204 billion over two years.

 

Gil Mora, Mortgage Banker

 

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