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US House of Representatives to Vote on Stimulus Plan བོད་སྐད།


The U.S. House of Representatives is voting Wednesday on President Barack Obama's $825 billion plan to stimulate the economy.

Democrats in the House have enough votes to pass the bill, but Mr. Obama wants broad bipartisan backing for the measure. The president went to Capitol Hill Tuesday and lobbied skeptical Republican Party members.

Republicans, who are in the minority in Congress, say the plan spends too much and does not offer enough tax cuts.


Senate panel approves more costly version of bill

In other news, a key Senate panel approved its version of the bill after adding another $70 billion in tax cuts, bringing the total cost of the plan close to $900 billion.

The House and the Senate will have to reconcile their versions of the stimulus plan before Mr. Obama can sign it into law. Democratic lawmakers hope to have the plan approved by mid-February.

Also on his agenda Wednesday, Mr. Obama is meeting with chief executive officers of major companies to discuss the stimulus plan, and is to make a statement on the economy.

Some information for this report was provided by AFP, AP and Reuters.

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