InfoAnda - Senate Begins Debate On President's Economic Stimulus; Republicans To Seek Changes

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Health on the Hill: Medicare, Medicaid taken off table in budget talks | 28 July 2011
Iraqis protest in Kurdish region, capital | | 20 February 2011
Minimum and maximum temperatures in Celsius | 12 June 2010

Soaring prices stoke discontent in Sudan | | 25 March 2011

Home | News Briefs | U.S. | World | Celeb Buzz | Entertainment | Sports | Business | Health | Sci / Tech | Politics | Weird & Offbeat Senate Begins Debate On President's Economic Stimulus; Republicans To Seek Changes February 2, 2009 8:09 a.m. EST Kris Alingod - AHN Contributor Washington, D.C. (AHN) - The Senate will begin debate on Monday on a $900 billion version of President Barack Obama's economic stimulus plan. Republicans are expected to demand changes to the measure, which they have repeatedly called "wasteful." Lawmakers convene at 2:00 pm ET to begin floor debate on the Economic Recovery and Reinvestment Act of 2009. The House voted to approve an $819 billion package last Wednesday, but not a single Republican vote was cast in support of the bill. GOP leaders have said Democratic claims that the measure is "bipartisan" only applied to the 11 Democrats who ignored party leadership and voted against the measure. Senate Minority Leader Mitch McConnell (R-KY) on Sunday expressed doubts that the bill will be pass as it is written. "Changes could be made," he said on CBS' "Face the Nation." "We're going to recommend, for example, you go right at the housing problem. We have a four-percent mortgage proposal where creditworthy homebuyers could buy down their mortgages or save them on the average fifty-six hundred dollars a year. Let's fix housing first. That's what started all of this." "And second, we think we ought to lower tax rates for medium- and low-income people," he added. "Those two things alone we think would go right at the problem rather than spending money on six hundred million dollars for new cars for federal employees in there and a hundred and fifty million dollars for honeybee insurance. This is nonsense." Sen. Charles Schumer (D-NY), appearing on the same TV show, said Democrats would be open to adding a Republican proposal to change the $7,500 tax credit given to new homebuyers, to $15,000 for all types of homebuyers. "That's something that we look favorably upon. Getting mortgages down to four and a half percent as Senator McConnell mentioned. That's a good idea," he said. Schumer, the vice chair of the Senate Dmocratic Caucus, also held a press conference on Friday with Mark Zand, chief economist at Moody's Economy.com, to discuss the urgency of passing the stimulus. President Obama has shown great leadership in managing this process and Democrats have extended an open hand, indicating a willingness to compromise," he said. The Senate version of the stimulus underwent changes last Tuesday after it was taken up by the Senate Finance Committee. The ranking minority member in the panel, Sen. Chuck Grassley (R-IA), won passage of a $69.8 billion amendment patching the Alternative Minimum Tax (AMT). The AMT is a tax introduced nearly four decades ago for high-income earners. Because it was never indexed for inflation, the AMT is due to affect middle-class families unless legislation is put in place. Grassley said in a statement on Tuesday his amendment will "prevent an unfair tax increase at a terrible time, when the economy is in recession." President Barack Obama "will continue to do whatever is possible to get this bill going and to get it moved quickly to his desk," White House press secretary Robert Gibbs said in a Friday press briefing. Obama is scheduled to meet with congressional leaders together with Vice President Joe Biden Monday afternoon. He expressed optimism in his weekly address about the chances of the stimulus pasisng the Senate. After warning of statistics that show the economy's continued collapse, including the Commerce Department's report that the nation's gross domestic product (GDP) shrank the most since 1982, the President said, "The good news is that we are moving forward with a sense of urgency equal to the challenge." But Obama also called on Democrats and Republicans in the Senate to come together, saying "With the stakes so high we simply cannot afford the same old gridlock and partisan posturing in Washington. It's time to move in a new direction." The President's top economist, Christina Romer, said on Friday approval of the administration's stimulus is "critical" to stop the economy's decline. "Aggressive, well-designed fiscal stimulus is critical to reversing this severe decline and putting the economy on the road to recovery and improved long-run growth," Romer, chair of the Council of Economic Advisers, said in a statement. During debate in the House, Republicans had cited a Congressional Budget Office (CBO) report saying only about $136 billion, or 38 percent, of the $355 billion the stimulus allocates for infrastructure projects is likely to be spent by 2010. Democrats have shot down the report, citing a letter from Office of Management and Budget director Peter Orszag saying the CBO's analysis "did not assess the overall package." The letter by Orszag, made public by House Speaker Nancy Pelosi (D-CA), also said at least 75 percent of the overall package will be spent over the next year and a half. Copyright © 2003 - 2009 AHN - All rights reserved.Redistribution, republication. syndication, rewriting or broadcast is prohibited without the prior written consent of AHN.License AHN news for your website, business, digital signage network or publication. Home | News Briefs | U.S. | World | Entertainment | Sports | Business | Health | Sci / Tech | Politics | Weird / Offbeat © 2009 AHN Client Login | Submit News | Privacy Policy | Terms of Use | Contact | Content Services All Rights Reserved

Other News on Monday, 2 February 2009
New Iceland government promises to fight crisis | International |
Colombian guerrillas to free hostages soon: report | International |
Africa delays moves towards federal government | International |
Gunmen kill four in southern Russian cafe | International |
Florida's Salvage Firm Finds Legendary British Warship After 264 Years
Alaskans Brace For Mt. Redoubt Eruption
Nationwide Refinery Strike Temporarily Averted
Federal Authorities Investigating String Of Arsons In Philly Suburb
Thousands Riot At Texas Prison
Thriller Taken snatches box office crown | Entertainment |
'Bilal case' arouses anti-US passions in Afghanistan
Vote sows seeds of greater calm in Iraq's north | International |
Suicide bomber kills 18 police in Afghan south: police | International |
US troops watch the Super Bowl from afar
Bruce Springsteen And The E Street Band Rock Super Bowl's 2009 Halftime Show
UNHCR official kidnapped in Pakistan: police | International |
Sunni party likely big winner in northern Iraq
Faith Hill And Jennifer Hudson Open Super Bowl 2009 With Stellar Performances
Myanmar's Suu Kyi meets United Nations envoy | International |
Obama says most U.S. troops in Iraq home within a year
Steelers edge Arizona for sixth Super Bowl title
Venezuela's Chavez celebrates 10 years in office | International |
Obama's stimulus plan heads for stormy Senate debate
Israel bombs Gaza tunnels
Kenya mourns, frets over 131 dead in disasters | International |
Olympic star Phelps admits 'bad behaviour'
Israel strikes Gaza after militant rocket fire
Colombian rebels free four hostages, problems arise | International |
Steelers stretch Super Bowl lead to 20-7
Kazakhstan to nationalize top banks as crisis bites | International |
Israel paying $2 million for death of filmmaker
Drugs giant GSK 'to slash thousands of jobs'
North Korean children exploited by state: report | International |
Lawyer: Iran detains women's rights activist
Nokia threat to quit Finland 'unless law changed'
White House expects digital TV delay until June | Technology |
Ponzi scam victims fight back online | Technology |
US military deaths in Iraq war at 4,237
Ex-Fannie Mae programmer says not guilty of virus | Technology |
Iranian FM: No talks scheduled with US in Munich
Human error at Google sends the wrong message | Technology |
US-TECH Summary
White House expects digital TV delay until June
Ponzi scam victims fight back online
Human error at Google sends the wrong message
Venice to offer online wedding bookings: city
TED a stage for world-healing revelations, inspirations
Russian Orthodox Church enthrones new patriarch
Super Bowl ads upbeat, but can't ignore economy | Entertainment |
Thriller Taken snatches box office crown | Entertainment |
Kung Fu Panda sweeps Annie Awards | Entertainment |
Eat, Pray film project journeys to new studio | Entertainment |
Cassidy brothers' comedy among new ABC Family shows | Entertainment |
Brian Wilson scores a triumph in hometown show | Entertainment |
Activists: Whalers launch attack in Antarctic
Police: Suicide bomber kills 18 Afghan policemen
Dare reaches above the usual high school drama | Entertainment |
Japanese whalers accused of injuring activists
Valkyrie maintains hold on overseas box office | Entertainment |
Ash falls on Tokyo as volcanoes erupt
'Slumdog' notches top honors from Hollywood directors
Activists to send NKorean money for Kim's birthday
Activists vow to send leaflets into NKorea despite tensions
UNHCR official kidnapped in Pakistan
Myanmar's Aung San Suu Kyi meets UN envoy: witnesses
Australian bushfire threat falls with record temperatures
Taiwan drafts four-year stimulus to boost jobs: spokeswoman
China says 20 million migrants have lost jobs
Singer Jennifer Hudson triumphs at Super Bowl after tragedy
Seoul shares fall as banks, Hyundai Motor retreat
"Valkyrie" maintains hold on overseas box office
S.Korean airlines to abolish fuel surcharges
20 million rural migrants out of work in China
Super Bowl ads upbeat, but can't ignore economy
Taiwan unveils $9.5 billion plan to create jobs
In the footsteps of Haydn, 200 years after his death
SKorean exports in record plunge as global recession bites
'Camino' dominates Spain's Goya film awards
Panasonic expects 3.9-billion-dollar loss: reports
Cassidy brothers' comedy among new ABC Family shows
Pakistani stocks fall after rates kept on hold
"Kung Fu Panda" sweeps Annie Awards
Brian Wilson scores a triumph in hometown show
Honda cuts managers' pay to cope with slow sales
TV Review: NBC scores with Super Bowl
China says holiday sales up 13.8 percent
Indonesian hardliners seek to ban Rotary, Lions clubs: reports
"Dare" reaches above the usual high school drama
Israeli, Palestinian attacks batter Gaza ceasefire | International |
Iraq Shi'ite party says still strong after vote
China urges unity against 'disaster'
"DWTS" Dancer Karina Smirnoff Sues Texan Restaurant For Refusing To Pay Her Appearance Fee
China's Wen sees light at end of tunnel | International |
Obama says stimulus plan will suit both Republicans, Democrats
Italian Writer Claims Story Rights To "The Curious Case Of Benjamin Button"
Israeli Gaza raid kills one as Hamas eyes truce
Snow in Europe closes airports, schools, offices | International |
Britney Spears Granted Restraining Order Against Ex-Boyfriend Adnan Ghalib And Former Manager Sam Lutfi
Brown meets China PM over financial crisis
Suicide bomber kills 25 Afghan policemen
Sri Lanka hospital shelled, at least 9 dead: ICRC | International |
IAEA head says enough time to address Iran bomb concern
Palestinian killed in Israeli strike on Gaza
Obama's stimulus plan heads for stormy Senate debate
Suicide attack kills 18 policemen in Afghanistan
Vote sows seeds of greater calm in Iraq's north
Florida's Adam Putnam Retiring From Congress To Run For Agriculture Commissioner
New Report Measuring Economic Stress Shows Big Differences In States
Higher Chance For Stricter Rent Control Laws In New York City With Democrat Rule Of Legislature
Fire Truck Caught By Growing Sinkhole In NJ Finally Hoisted To Safety By Crane
Health Secretary-Designee Tom Daschle Apologizes To Senators For Back Taxes
Senate Begins Debate On President's Economic Stimulus; Republicans To Seek Changes
Sen. Judd Gregg To GOP: No Filibuster-Proof Majority For Dems After Cabinet Nomination
Pfizer Ends Late-Phase Pancreatic Cancer Drug Trial
FDA Warns Against Topical Anesthetics
FDA Report Recommends Approval Of New Blood Thinner, With Warnings
Travel chaos as Europe shivers in heavy snowfalls
Dalai Lama taken to hospital with discomfort in arms | International |
Zimbabwe knocks 12 zeroes off inflation-hit dollar | International |
Philippines fears 800,000 job losses this year
Hoops, bowling mark Obamas' White House first days
Sri Lanka warns civilians in combat zone
No win for Boyle at Evening Standard film awards
A1C To Be Used As Diagnostic Tool For Diabetes
Volcano erupts near Tokyo
Negligence convictions upheld in Mitsubishi trial
UK retailer Woolworths to be reborn online | Technology |
Inmates of Lebanese jail have their say on stage
Debate On For Manila's Nuke Program Revival
Dalai Lama in hospital for test for arm discomfort
Taiwan dollar off 4-yr low, c.bank tempers gains
Gunmen kidnap American UN official in Pakistan
"Eat, Pray" film project journeys to new studio
WRAPUP 1-S.Korea exports collapse, rate cut seen next week
Dalai Lama has medical tests for arm discomfort
In more gloom, China announces huge unemployment rise
Police suspect arson in Australian wildfires
Chinese PM says world all 'in same boat' over economy
Kazakhstan set to nationalize top banks
Volcano erupts near Tokyo raining ash down on city
IMF sees S.Korean economy shrinking in 2009 -Yonhap
Police: Gunmen kidnap American in Pakistan
Thai distributor bans Economist for 2nd week
Report: Wen says China considering new stimulus
Japan's new vehicle sales at 41-year low: industry group
London gallery saves one key Titian, one to go | Entertainment |
Fire Truck Caught By Growing Sinkhole In NJ Finally Hoisted To Safety By Crane
Almost 30 Atlanta Firefighters Call In Sick Sunday Shutting Down 5 Fire Stations
Dubai Court Fines Man For Cross-Dressing
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01