Subscribe

Powered By

Free XML Skins for Blogger

Powered by Blogger

Thursday, January 31, 2008

Senate snag delays US rescue plan

A key committee in the US Senate has approved a different version of the economic stimulus plan, setting up a possible showdown with President Bush.

The Senate plan provides additional money to retired people and veterans who were excluded from Mr Bush's plan.

US House of Representatives has approved a $146bn (£73bn) economic stimulus package proposed by the President to fend off a recession.

The Senate plan, worth $157bn, was backed by some key Republican Senators.

Charles Grassley, the senior Republican Senator on the Finance Committee, said that "this is a good package".

And he argued that it had corrected a "flaw" in the House bill which would have allowed illegal immigrants to receive tax rebates.


http://news.bbc.co.uk/2/hi/business/7219559.stm

No comments: