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US Senate a step closer to passing stimulus bill

US Senate a step closer to passing stimulus bill
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The US Senate has voted to cut off debate on an economic stimulus bill sought by President Barack Obama. The vote passed with a razor-thin margin, with the help of three Republicans. Many other Republicans argue much of the spending proposed in the bill won’t boost the struggling U.S. economy.

Chuck Grassly, the Republican Senator for Iowa said: “Contrary to what some people might believe, a massive increase in government spending for the purposes of creating temporary make-work jobs is not a sound economic recovery plan.” The 620-billion euro compromise package was worked out over the weekend by Democrats and a few Republicans. A final vote to pass the legislation is scheduled for Tuesday. Obama has said he wants to sign a bill into law by Presidents’ Day on February 16.
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