• Posted on Saturday, February 7, 2009
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Senate Dems will have just enough votes to pass stimulus

Obama hails stimulus accord in Saturday address. Vote likely Tuesday.

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WASHINGTON — The Senate plans to take a final vote on its $827 billion economic stimulus package at noon Tuesday, as angry Republicans joined pleased Democrats in extended debate on the plan Saturday.

Senators will vote on cutting off that debate Monday evening. Sixty votes are needed, and all 56 Democrats are expected to be joined by two independents and Republican Sens. Arlen Specter of Pennsylvania and Susan Collins of Maine, who helped draft the compromise Friday.

GOP members complained the package is not truly bipartisan, since only a handful of Republicans were consulted. And in the end, only two had a hand in the final package.

"No action is not what any of my Republican colleagues are advocating. But most of us are deeply skeptical that this will work," said Senate Republican Leader Mitch McConnell of Kentucky. "And that level of skepticism leads us to believe that this course of action should not be chosen"

President Barack Obama hailed the plan. "In the midst of our greatest economic crisis since the Great Depression, the American people were hoping that Congress would begin to confront the great challenges we face," he said in his weekly radio address.

He said its scale and scope are right, "and the time for action is now." A push from the White House helped break the deadlocked negotiations Friday.

The Senate plan is about $8 billion than the one passed by the House last month. While many provisions of the same, there are key differences that House and Senate negotiators will try to iron out next week.

But House Republican Leader John Boehner warned GOP lawmakers don't like what they see.

"The proposed Senate bill appears to be focused overwhelmingly on slow-moving and wasteful Washington spending, rather than immediate job creation and fast-acting tax relief," he said. "This is not what the American people want, nor is it what the president called for at the start of the process."

The two Houses will have some significant differences to reconcile. The Senate has $21 billion to subsidize health care coverage for unemployed people under the COBRA plan, while the House includes $40 billion.

The House includes $79 billion for an education stabilization fund to states; the Senate has about half that much. The Senate has passed amendments that provide a tax break for most new car buyers as well as a $15,000 housing tax credit, or 10 percent of the purchase price.

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ECONOMY IN TURMOIL

economy in turmoil

Read McClatchy coverage of the economic pain Americans around the country are feeling, from Florida to California to Alaska.

ECONOMY QUESTIONS & ANSWERS

 hall & pugh

McClatchy correspondents Kevin G. Hall (left) and Tony Pugh are available to answer your questions about the economic meltdown at home and abroad, and what's in store for ordinary Americans.

Q&A: THE HOUSING CRISIS

Mark Zandi, the chief economist for Moody's Economy.com, is took questions from McClatchy readers about the nation's deep housing crisis. His book, "Financial Shock," offers a 360-degree look at what caused the crisis, what mistakes were made and who made them. It offers a way forward to prevent future crises.

Q&A: TERMINAL CHAOS

U.S. air travel these days is about as fun as a trip to the dentist. Departure delays are rampant, bags often miss the flight you've caught and rising jet fuel prices have major airlines charging to check a bag. In his new book "Terminal Chaos," George Donohue, a professor and former high-level Federal Aviation Administration official, explains why our system of air travel is broken and what can be done to fix it. Read the responses.

Q&A: THE THREE TRILLION DOLLAR WAR

For two weeks, Nobel Prize-winning economist Joseph Stiglitz and Harvard professor Linda Bilmes, authors of "The Three Trillion Dollar War," fielded questions about the cost of the Iraq war and its impact on the U.S. economy. They're not taking new questions, but they're still posting answers to ones they've already received. Read their responses.

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