03/13/2009 05:12 am ET | Updated May 25, 2011

Senate Stimulus Bill Could Cost Illinois $2.4 Billion

Spending cuts in the $838-billion stimulus bill passed by the Senate on Tuesday will cost Illinois at least $2.4 billion and thousands of jobs if it prevails over the House-passed version, according to budget analysts.

The cuts mean Illinois would see 19,284 to 23,866 fewer jobs created or saved, according to the Center for American Progress, a liberal think tank in Washington, D.C. That's a sizeable chunk of the 158,000 jobs the White House has estimated that Illinois could expect under the House version, assuming the stimulus package saves or creates about 3.6 million jobs nationwide.

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