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House OKs Stimulus Package

Posted Jan 29, 08 4:57 PM CST in US    Most Covered

(Newser) – The House approved a $146 billion economic stimulus package today with overwhelming bipartisan support. The bill, which would give most Americans rebates of $600, passed by a vote of 385-35 and now heads to the Senate, reports the Washington Post. Speaker Nancy Pelosi asked the Senate to approve its version quickly, without changes that would stall it or risk a presidential veto.

The prospects of that are unclear. Harry Reid says the Senate Finance Committee will vote on its own more expensive measure tomorrow, meaning the full Senate can begin work this week, reports CNN. Minority Leader McConnell calls the situation "one of those rare instances in which we ought to rise above ourselves and do something quickly," notes the Post.

Sources Washington Post, CNN

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Treasury Secretary Henry Paulson, right, meets with Sen. Max Baucus, D-Mont., center, and Sen. Charles Grassley, R-Iowa, to talk about the economic stimulus package Thursday Jan. 24, 2008 on Capitol Hill...   (Associated Press)
House Speaker Nancy Pelosi of Calif., accompanied by House Minority Leader John Boehner of Ohio, gestures during a news conference on Capitol Hill in Washington, Tuesday, Jan. 29, 2008, after the House...   (Associated Press)
House Minority Leader John Boehner of Ohio, left, accompanied by House Speaker Nancy Pelosi of Calif., talk to reporters on Capitol Hill in Washington, Tuesday, Jan. 29, 2008, after the House approved...   (Associated Press)
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