Your great grand children will pay for this: $3 trillion with a T! — Senate, Fed, Treasury attack crisis
[Via ABC News]. According to ABC News, the Senate approved President Barack Obama’s giant economic stimulus measure on Tuesday, part of a string of powerful 
government steps that could marshal close to $3 trillion in taxpayer and private money to revive the collapsing national economy. The 61-37 vote by the Senate was a key victory for the president but sets up difficult negotiations with the House, which passed a slightly different version than the $838 billion bill approved Tuesday.
Majority Leader Harry Reid, D-Nev., vowed to send a finished bill to Obama’s desk “as soon as possible.”
Obama, who was in Fort Myers, Fla., promoting his economic rescue efforts, welcomed the vote as “good news. … It’s a good start.”
It came shortly after the Treasury Department and Federal Reserve moved to commit colossal sums of money to help thaw credit markets and slow layoffs that have left 3.6 million Americans unemployed.
Continue reading here
If you enjoyed this post, please consider to leave a comment or subscribe to the feed and get future articles delivered to your feed reader.
Comments
No comments yet.
Leave a comment