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Saturday, February 4, 2023

Agreement in place on stimulus

Economic stimulus legislation at the heart of President Barack Obama’s recovery plan is on track for final votes in the House and Senate after a dizzying final round of bargaining that yielded agreement on tax cuts and spending totaling $789 billion.

Obama, who has campaigned energetically for the legislation, welcomed the agreement, saying it would "save or create more than 3.5 million jobs and get our economy back on track."

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Congress Reaches Stimulus Accord

Congressional leaders agreed yesterday on the details of a nearly $790 billion stimulus package, an unprecedented attempt by the federal government to jolt the economy, create millions of jobs and ease the financial woes facing individuals, businesses and states.

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Key GOP Senator in Stimulus Deal Is Known for Centrist Approach

Six years ago, Sen. Susan Collins (R-Maine) was working to broker a deal with a Democratic colleague that would steer $20 billion in relief to struggling state governments when she was abruptly called into the office of House Speaker J. Dennis Hastert (R). Waiting there was Vice President Richard…

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