U.S. Senate passes stimulus bill; Obama hails 'good news'
Last Updated: Tuesday, February 10, 2009 | 1:28 PM ET
CBC News
Related
Internal Links
Video
- Alison Smith reports: U.S. Senate passes stimulus bill; Obama hails 'good news' (Runs: 2:58)
- Play: QuickTime »
- Play: Real Media »
Senate Majority Leader Harry Reid, left, and Senate Budget Committee Chairman Kent Conrad walk off the Senate floor on Capitol Hill in Washington on Tuesday after the Senate approved the stimulus package. (J. Scott Applewhite/Associated Press)The U.S. Senate passed an $838 billion US economic stimulus bill on Tuesday, moving it one step closer to landing on President Barack Obama's desk.
The bill passed in the Senate by a vote of 61-37.
The Senate and the House of Representatives must now negotiate on a single bill to send to Obama.
The House's version of the bill has a price tag of $819 billion US.
"That's good news," Obama said in reaction to the Senate approval. "We've got a little more work to do."
"We've had a good debate," he said before a crowd in Fort Myers, Fla., where he had gone for a town hall session.
"That's part of what democracy is all about. But the time for talking is over. Folks here in Fort Myers and across America need help. They need action, and they need it now."
Obama spent Monday and Tuesday urging lawmakers to get the economic stimulus bill through Congress quickly.
Obama wants a final bill by the weekend.
With files from Associated PressShare Tools
Top News Headlines
- Canadian Pacific strikers face back-to-work legislation
- Labour Minister Lisa Raitt is prepared to end the Canadian Pacific Railway strike if necessary, after both CP and the union rejected a proposal for voluntary arbitration by the government-appointed negotiator on Sunday. Raitt says she is "extremely disappointed." more »
- Syrian regime denies role in Houla massacre
- The UN Security Council condemned the Syrian regime at an emergency meeting Sunday, holding president Bashar al-Assad's military responsible for the massacre of more than 100 people, dozens of whom were children younger than 10 years old. more »
- Ryder Hesjedal wins prestigious Giro d'Italia
- Victoria native Ryder Hesjedal has become the first Canadian to win one of the cycling world's three Grand Tour events, wrapping up the 2012 Giro d'Italia with an excellent performance in the final stage in Milan. more »
- Neighbour may have helped find missing kids in Mexico
- Two Winnipeg children who had been missing for nearly four years were found in Mexico after a man raised concerns about his neighbour, according to a private investigator. more »
Latest Business Headlines
- Bankia asks Spain for €19B
- The board of directors of Spain's troubled bank, Bankia, has asked the Spanish government for €19 billion ($24.5 billion Cdn) in financial support. more »
- EI reforms aim to boost employment, Flaherty says
- Finance Minister Jim Flaherty defended his government's proposals to change employment insurance, saying the aim is to remove "disincentives to employment." more »
- Employment Insurance review boards to be scrapped
- The federal government is scrapping two review boards used by people appealing decisions made about their employment insurance. more »
- Ottawa moves to limit foreign investment reviews
- The federal government is raising to $1 billion the amount of foreign money that can go into a Canadian company before the investment is reviewed. The review has been used in the past to block foreign takeovers of MDA and Potash Corp. more »
Lang & O'Leary Exchange
Markets
| Index | Last Trade | Change |
|---|---|---|
| TSX COMPOSITE | 11576.47 | 0 |
| DOW | 12454.83 | 0 |
| NASDAQ | 2837.53 | 0 |
| SP 500 | 1317.82 | 0 |
| NYSE COMPOSITE | 7534.32 | 0 |
| AMEX | 2227.37 | 0 |
| TSX-VENTURE | 1309.27 | 0 |
The data on this site is informational only and may be delayed; it is not intended as trading or investment advice and you should not rely on it as such.
Business Features
- Seniors float above Montreal's Quartier Latin
- Accused in blast that killed Alberta mom handled her funds
- Remains found in bag on Cape Breton river ID'd
- Neighbour may have helped find missing kids in Mexico
- Quebec students and province to resume talks
- Lip-dub marriage proposal an internet hit
- Syrian regime denies role in Houla massacre
- B.C. NDP calls for unity in fighting coast guard closure
- Canadian Pacific strikers face back-to-work legislation

