Economic Stimulus, Congress | featured news

House, Senate leaders scale plan down to $789.5B, a net reduction of almost $40B from what the Senate approved yesterday, senior adviser says.

After a 61-to-37 vote that was largely along party lines, negotiations with the House over the $838 billion bill will begin.

The US president defends his economic stimulus plan as "absolutely necessary", and urges Congress to approve it quickly.

The House version of the stimulus bill emphasizes helping states and localities avoid wide-scale cuts, while the Senate plan focuses more on tax cuts.

Most Republican governors have broken with their GOP colleagues in Congress and are pushing for passage of President Barack ...

Republicans in the Senate accepted on Thursday President Barack Obama's offer to search for a compromise on an economic stimulus bill that could end up costing around $900 billion, as long as tax cuts play a large role.