Congress Divided Over Competing Stimulus Bills
The Senate agreement on a roughly $827 billion economic stimulus bill sets up tough negotiations with the House primarily over tens of billions of dollars in aid to states and local governments, tax provisions, and education, health and renewable energy programs.
Congress is racing to finalize the legislation this week, with the price tag for the Senate plan now only slightly more than the $820 billion measure adopted by the House. Both plans are intended to blunt the recession with a combination of quick-acting tax cuts to help increase spending by consumers and businesses, and slower long-term government spending on public works projects and other programs to create more than 3 million jobs.














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New York Times | DAVID M. HERSZENHORN | February 7, 2009 04:23 PM