Accessibility links

US Congress Sends Final Stimulus Plan to Obama བོད་སྐད།


The U.S. Congress has approved a $787 billion economic stimulus bill, which President Barack Obama says he will soon sign into law.

Mr. Obama praised Congress for passing the plan, which includes tax cuts and domestic spending projects aimed at creating jobs and spurring economic growth.

In his weekly address Saturday, the president called the plan a "major milestone on our road to recovery."

Congress passed the plan Friday, with lawmakers voting mostly along party lines. The Senate passed the plan with only three minority Republicans voting in favor of the bill. It received no Republican support in the House of Representatives.

In the Republican's weekly address, Senator Lisa Murkowski of Alaska said her party has been supportive of a stimulus plan, but objects to the cost of the current measure. She said the plan will create too much debt that will ultimately be held by other countries such as China.

Republicans had complained before the final vote that they did not have enough time to read the entire bill, which was more than 1,000 pages long.

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

XS
SM
MD
LG