Saturday, January 26, 2008

AS THE CONGRESS TURNS - STIMULUS PACKAGE UPDATE

George W urged Congress yesterday to quickly pass the economic stimulus package negotiated Thursday between House leaders and himself without any further spending. "I strongly believe it would be a mistake to delay or derail this bill," Bush said.

However, Senate Democrats are refusing to rubber stamp the House measure.

Senate Democrats are thinking about including retirees living off Social Security, who wouldn’t be getting tax rebate checks under the package currently before the House, on the list of rebate recipients.

The Senate is also considering adding an extension of jobless benefits, boosting heating subsidies for the poor, and temporarily increasing food stamp payments the package.

The House is planning to pass its version as early as Tuesday. The Senate debate won't consider the issue until its Finance Committee drafts and votes on an alternative package, probably on Thursday.

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