Saturday, February 09, 2008

Congress passes stimulus package

In a rare moment of bipartisanship the House and Senate passed a stimulus package in hopes of staving off or slowing down a recession. Some were concerned that the Senate would add more items to the bill to which Treasury Secretary Paulson was concerned that the bill would get too big and unpassable. Bush had warned congress earlier that he wanted a clean bill to sign. Checks are expected to begin in early May and will be based on the 2007 tax return.
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