Friday, February 13, 2009

Deal Reached in Congress on $789 Billion Stimulus Plan

This article talks about the $789 billion economic stimulus bill that is being negotiated by House and Senate leaders.  The bill which declares spending increase and tax relief which will put money back into consumers and companies pockets was smaller then the House or Senate had proposed but compromises were made with Democratic and Republican parties.  The final outline of the bill includes $507 billion in spending programs and $282 billion in tax relief.  The tax cut includes $400 for individuals and $800 for family with certain income limits.  $150 billion will go to public works projects for transportation, energy and technology.  Also to help the rising Medicaid costs $87 billion was put aside.  I believe you should read this article because it is informing us on what is our government doing during the economic crisis. It will also provide information on how our government will use this money to recover us from the economic turndown which we are facing.  Also it tells how the final deal was made and how many officials still believe why the bill should be changed or why more money should go to certain parts of the economy. 

http://www.nytimes.com/2009/02/12/us/politics/12stimulus.html?_r=1&ref=politics&pagewanted=print 

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