US democrats to push for $825 bln economic stimulus

The massive bill will contain $550 billion in spending initiatives designed to create jobs and reverse the slide of a U.S. economy in recession.

US democrats to push for $825 bln economic stimulus

Democratic leaders in the U.S. House of Representatives will push for quick passage of a $825 billion economic stimulus bill being unveiled on Thursday.

The massive bill will contain $550 billion in spending initiatives designed to create jobs and reverse the slide of a U.S. economy in recession, according to a document obtained by Reuters. It also contains $275 billion in tax benefits to workers and businesses.

Changes to the measure could come next week, when two House committees review the legislation before sending it to the full chamber for debate and passage, possibly by the end of January.

Reuters
Last Mod: 15 Ocak 2009, 17:47
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