Wednesday, November 25, 2015
Current Weather
Loading Current Weather....
Published: Wednesday, 2/11/2009

Agreement announced on emergency economic stimulus


WASHINGTON Senate Majority Leader Harry Reid has announced agreement on an economic stimulus bill.

At a news conference Wednesday afternoon, Reid said the legislation should create 3.5 million jobs once President Barack Obama signs it into law and it takes effect.

Senate Republican Sen. Susan Collins of Maine put the cost at $789 billion, less than either of the bills that the House and Senate passed earlier.

The measure includes money for victims of the recession, money for cash-strapped states and tax cuts for individuals and businesses.

Recommended for You

Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.