Stimulus bill passes Senate - KWWL - Eastern Iowa Breaking News, Weather, Closings

Stimulus bill passes Senate

WASHINGTON (AP) --  A $787 billion plan to resuscitate the economy is passed, handing President Barack Obama a big victory.

The House approved the measure earlier on Friday by a vote of 246-183, with no Republican "yes" votes. Seven Democrats voted against the bill.

Friday night, the Senate passed the bill with a vote of 60 for and 38 against.

The eight-inch thick measure combines tax cuts for individuals and businesses with a half-trillion dollars in government spending for infrastructure, health care and help for cash-starved state governments. Seniors would get a $250 bonus Social Security check.

Obama claims that the plan will save or create 3.5 million jobs. In his weekly radio address Saturday morning, Obama said, ''This is a major milestone on our road to recovery, and I want to thank the  members of Congress who came together in common purpose to make it happen.
Because they did, I will sign this legislation into law shortly, and we'll  begin making the immediate investments necessary to put people back to work doing the work America needs done.'' 

President Obama is expected to sign the bill early next week.


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