Skip navigation
Watchlist Sponsored By :

Current DateTime: 03:21:45 06 Jul 2009
LinksList Documentid: 24355697
  • Collection of Michael Jackson

      Earlier this year, Jackson sought to auction his personal items. Although it never came through, here's a look at what was almost sold.

  • Recession-Resistant US Cities

      Some cities have been hit much harder than others during the recession. Here are the metro areas faring the best.

  • How Much For A T-Bone Steak?

      From the cost of a T-bone steak to a monthly phone bill, the price for everyday items can vary dramatically across the country.

Senate to Vote later Today on Revised Stimulus Plan
By: Reuters | 07 Feb 2008 | 03:31 PM ET
Text Size

Democrats and Republicans in the Senate have reached a deal on an election-year economic stimulus plan that would send government rebate checks to millions of Americans including retirees and disabled veterans.

Senate Majority Leader Harry Reid said the Senate would vote on Thursday on the latest version of the package that lawmakers hope will spur consumer and business spending and
help lift the U.S. economy out of the doldrums.

economic stimulus package
AP

Reid said the package improves on a version passed last week by the House which would send one-time government checks of up to $600 for individuals and $1,200 for couples plus $300 per child to millions of Americans.

The Senate bill would allow the rebates to go to retirees on Social Security and disabled veterans that were left out of the House bill that was backed by President Bush.

The Senate bill also will tighten language to ensure illegal immigrants do not receive rebates.

Senate Republicans Wednesday blocked a broader Democratic stimulus package that would have extended jobless benefits for the long-termed unemployed. That bill also would have provided more tax benefits to businesses and allowed companies to write off more current-year losses against previous tax years, which would have helped home builders hit hard by falling home prices and the subprime mortgage crisis.

House Speaker Nancy Pelosi told reporters her chamber would act quickly, possibly as early as Thursday, once the Senate approves its version of a stimulus bill and send the compromise
to President Bush for his expected signature.

While she said she supports help for the long-term unemployed, she said that could be achieved with other legislation. "There's no reason for any delay" of the economic stimulus bill, Pelosi told reporters.

"The sooner we get this done, the sooner the checks will be in the mail," she said, adding the House would act on a Senate-passed bill by next week.

Copyright 2009 Reuters. Click for restrictions.
Tools:
Print EmailAdd This share icon


Current DateTime: 02:03:05 06 Jul 2009
LinksList Documentid: 29778428

Current DateTime: 11:26:00 06 Jul 2009
LinksList Documentid: 29779196

Current DateTime: 12:11:29 06 Jul 2009
LinksList Documentid: 29779199

Current DateTime: 01:05:27 06 Jul 2009
LinksList Documentid: 29779198
CNBCCNBC
About CNBC  |  Site Map  |  Privacy Policy  |  Terms of Service  |  Video Reprints  |  Advertise  |  Help  |  Contact
Partners: AOL Money  |  BloggingStocks.com
CNBC is a Division of NBC Universal
  Data is a real-time snapshot *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
Thomson ReutersThomson Reuters