InfoAnda - U.S. senators reach deal on stimulus bill

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

Japan's new PM to curb power of kingmaker Ozawa | 6 June 2010
Polls close in Indonesia's parliamentary elections | 10 April 2009
Toyota Prius tops Japan's April auto sales | 11 May 2010

Thailand maintains growth projections despite riots | 24 May 2010

">Forum Views () ">Forum Replies ()

Read more with google mobile : U.S. senators reach deal on stimulus bill

Yahoo! My Yahoo! Mail Yahoo! Search Search: Sign InNew User? Sign Up News Home - Help Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Africa Europe Latin America Middle East North America Search Search: U.S. senators reach deal on stimulus bill Reuters - 2 hours 22 minutes ago By Jeremy Pelofsky and Thomas Ferraro ADVERTISEMENT WASHINGTON compromise that would give President Barack Obama an important but narrow victory. Democrats said a vote on passage of the measure -- drafted by leaders of a group of moderate lawmakers from both parties -- and closely watched overseas as a sign of U.S. commitment to help revive the world economy, would be held on Tuesday. "We are pleased the process is moving forward and we are closer to getting Americans a plan to create millions of jobs and get people back to work," said White House spokesman Robert Gibbs. With the United States in the grip of the worst economic crisis in more than 70 years -- a report on Friday showed nearly 600,000 jobs were lost in January -- Obama has demanded that a bill be put on his desk by February 16. The president may well get the bill by then, but the legislative victory would be tempered by the fact that he will likely muster only a few Republican votes. After five days of negotiations, Democrats agreed to cut tens of billions of dollars to their earlier $937 billion proposal to trim what critics, mostly Republicans, called billions of dollars in unwarranted spending. Democratic Senator Ben Nelson, a leader of the group, said the stimulus compromise would help to jolt the struggling economy through middle-class tax cuts and targeted investment. "We trimmed the fat, fried the bacon and milked the sacred cows," he said on the Senate floor. The group announced the agreement was for $780 billion in spending and tax cuts, but aides said the total could be as much as $47 billion more because of tax incentives senators previously added to boost flagging home and auto sales. The Senate met as official data showed U.S. job losses accelerating in January and the unemployment rate surging to a 16-year high. Despite that news, U.S. stocks rallied for a second day on Friday partly in anticipation of a possible accord on the stimulus. If the measure passes, lawmakers would have to resolve differences between it and an $819 billion version of the legislation approved last week by the House of Representatives without a single Republican vote. Once a final bill is crafted and passed by both chambers, the measure would be sent to Obama to sign into law. JUST ENOUGH SUPPORT Democrats had hoped to vote on the measure late on Friday, but Republicans blocked such action, saying they had not been given a chance to read the compromise. Senate Majority Leader Harry Reid said debate would continue on Saturday and Monday, setting up a vote on passage around midday Tuesday. Senate Finance Committee Chairman Max Baucus said the compromise plan would pass with the support of three or four Republicans in the 100-member chamber -- a far cry from the broad bipartisan backing Obama had originally sought. Republican Senator John McCain, whom Obama defeated in last year's presidential campaign while promising to work with Republicans, scoffed at the measure and Obama's vow. "You can call it a lot of things but bipartisan isn't one of them," he said. Pennsylvania Republican Senator Arlen Specter also voiced criticism of the measure, but said, "I do believe that we have to act and I believe that under all the circumstances this is the best we can do and we ought to do it." Massachusetts Democrat John Kerry said the compromise price tag would be made up of 42 percent tax cuts and 58 percent in new spending. "It's a good balance," he said. While a deal on the measures marks a solid start for Obama, who took office on January 20, the largely party-line support in the House and Senate was a setback in his drive to foster a new spirit of bipartisan cooperation in Washington. Opponents complained much of the new spending amounted to little more than a liberal wish list, and more should have been devoted to tax relief and job-creating construction projects instead of new rounds of other government spending. Some of the biggest cuts in the Senate compromise were $40 billion in aid to states, $16 billion for school construction, and $5.8 billion for public health efforts. SPENDING LOTS, FAST Obama had said he could accept a package in the $800 billion range and that failure to act could turn crisis into catastrophe. He rejected demands for wholesale changes by Republicans, saying it was their policies that created the crisis in the first place. Democratic Senator Kent Conrad said that some 80 percent of the package would be disbursed over the first two years, higher than the 75 percent Obama had demanded. Details of the administration's other major initiative to address the crisis -- how it will spend the remaining $350 billion of a bank rescue program agreed to under former President George W. Bush -- are due to be announced on Monday. A source with knowledge of the plan told Reuters the measure would offer to insure some distressed assets held by banks, authorise the government to purchase others and spend up to $100 billion to buy and modify troubled homeowner mortgages. Senators late on Friday agreed to an amendment directing the U.S. Treasury Department to spend at least $50 billion of the fund on home foreclosure mitigation efforts. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: World Divided US Senate unveils stimulus dealAFP - 38 minutes ago UK-World SummaryReuters - 40 minutes ago Band member, employee accused of sex assaultAP - 46 minutes ago KBR gets huge contract despite electrocutionsAP - 1 hour 46 minutes ago White House looking at Iraq withdrawal optionsAFP - 1 hour 54 minutes ago Most Popular – World Viewed Bus-sized boa slithers into record books Toyota warns of 4.9 bln dollar annual loss French 'rogue trader' blames bosses 'Horrifying' year for SAS ends with losses, layoffs Volvo Group reports big loss but share price soars View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Copyright © 2009 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

Other News on Saturday, 7 February 2009
Pakistani court declares nuclear scientist free | International |
Actress Olivia Newton-John Faces Lawsuit Over Property Deal
Russia sends conciliatory message to Obama | International |
Nickelodeon Kids' Choice Awards 2009 Releases Nominees List
Mexico drug gangs threaten cops on radio, kill them | International |
Iran official sees positive U.S. signal in Mideast | International |
U.S. Retail Sector Sheds 45,000 Jobs In January
Nine-year old whiz-kid writes iPhone application | Technology |
Yale Limits Pay Raises To Modest Amounts In Cost Cutting Move
Feb 6 Highlights Of Low Points Of The U.S. Economy
Suicide Takes More Lives Than Al Qaeda Killing Among U.S. Soldiers
First Of State-Mandated Bi-monthly Furloughs In California Begin Friday
Credit Card Firms Reduce Solicitation Mails To Consumers By 26 Percent
Job Losses Hit 34-Year High; White House Warns Of Double-Digit Unemployment Rate
Hybrid Car Sales Plummet During Recession
Kyrgyzstan: Won't Back Down On Insisting U.S. Vacate Base Used To Supply Troops In Afghanistan As Obama Plans To Send More
Biden To Unveil New Administration's Foreign Policy In Maiden Trip To Europe
Film world focuses on wartime, post-war Germany | Entertainment |
Graham Nash: Deja Vu again with Crosby and Stills | Entertainment |
Slumdog heads for UK's BAFTA film awards crown | Entertainment |
Universal ends distribution talks with DreamWorks | Entertainment |
Sweden Permits New Nuclear Reactor Construction
New TV Sets To Have Internet Access As Standard Feature
KBR gets huge contract despite electrocutions
Iran official sees positive U.S. signal in Mideast
Israel aircraft strike in Gaza after rocket fire
Divided US Senate unveils stimulus deal
Iraq: National Olympic Committee election date set
Pakistani court declares nuclear scientist free | International |
Gazans say it doesn't matter who wins Israeli vote
Italy's recession may stretch into 2010: IMF
North Korea open to disarmament progress: U.S. expert | International |
Obama seen able to help thaw icy U.S.-Iran ties
US Air Force orders 15 Boeing C-17s
US played behind-the-scenes role in Iraqi vote
Volvo Group reports big loss but share price soars
Iran official sees positive U.S. signal in Mideast | International |
US jobless rate hits 7.6 pct, raises stimulus stakes
Haiti bars former rebel leader from April ballot | International |
Prognosis not good for Taiwan nude photo clinic | International |
White House looking at Iraq withdrawal options
U.S. senators reach deal on stimulus bill
Release Of Pakistani Nuke Scientist From House Arrest Upsets Washington
U.S. regrets Russia plan for bases in Georgia regions
Developing: Senators Reach Late Night Deal On $780 Billion Stimulus Plan
Russia funds seek safety after crash of 2008
Digital scans of Lucy take pre-humans inside out | Technology |
US military deaths in Afghanistan region at 573
Consumer Borrowing Drops Much More Than Expected In December
Tech forum looks past economy to future | Technology |
Denver Airport Handled Record Number Of Passengers In 2008
American in Brazil custody fight to visit son
Cuba to keep Internet limits after fiber optic cable
Wall Street Jumps Ahead Of Possible Senate Stimulus Vote
Pentagon says U.S. on track for Afghan troop deployments
Tech forum looks past economy to future
'Godfather' estate settles video game lawsuit
White House: Candid with Russia when US disagrees
Latest scam: bogus emails offering stimulus payments
Tajikistan ready to help US with Afghanistan supplies
Digital scans of "Lucy" take pre-humans inside out
NATO, Russia argue over troop plans for Georgia regions
Saving oceans and finding aliens make TED Prize wish list
Italian PM, president locked in battle over euthanasia case
Briton ends marriage on Facebook, court hears
EU 'concerned over Russia killings'
Putin calls on EU to address rights abuses in Europe
Oscar producers promise a new take on the big show
Veteran character actor James Whitmore dead at 87 | Entertainment |
Networks' new pilots favor formula over experiment | Entertainment |
Will Ferrell has mixed reviews as Bush on Broadway | Entertainment |
Bon Jovi lines up its first Jazz Fest performance | Entertainment |
Sri Lanka says Tigers behind ceasefire calls: report
Hollywood sheds few tears over Beckhams | Entertainment |
Philippine troops kill 8 communist rebels in south
India's Reliance signs new film deals with Hollywood
China arrests man linked to deadly diabetes drug
Jolie visits camp for refugees from Myanmar
Coldplay schedules summer tour of North America | Entertainment |
At least 3 homes destroyed in Australia fires
Identity doubt saves twins in Malaysia drug trial
Some Oscar races still too close to call | Entertainment |
Miley Cyrus, Beyonce up for Kids Choice Awards | Entertainment |
Attack leaves seven Pakistani police dead: officials
Global minimum and maximum temperatures
Japan's Pioneer to quit flat-panel TV business: report
NKorea pursuing space programme: state media
Coldplay schedules summer tour of North America
Pakistani cenbank sells 12.5 bln rupees of T-bills
Beijing slams Canada over fugitive's visa: report
Bon Jovi lines up its first Jazz Fest performance
Taiwan firms pledge no job cuts
Militants kill police officer in Nepal village
Networks' new pilots favor formula over experiment
China's official figures obscure sharp decline
Top Indian novelist tells youngsters it's OK to fail
Pakistani forex reserves ease to $10.16 bln
M.I.A. says Grammys could be labor intensive
NYC civil assault trial opens for actor Pastore
Media scrum over Sullenberger extends to Broadway
Kids' jackets from Gwen Stefani's line recalled
DreamWorks, Universal end distribution deal
'Godfather' video game suit settled
Al-Sadr candidates appeal Iraq election results
Hamas sees Gaza border accord with Israel
U.S. unveils changes to foreign policy | International |
Top Hamas strongman emerges from post-war hiding
Taliban say behead Polish hostage in Pakistan | International |
Hamas team in Egypt to move forward on truce effort
Security forces patrol Tibetan town in NW China | International |
Netanyahu ballot favourite as Israelis drift right
Sudan government to meet Darfur rebels next week: rebels | International |
Merkel warns of tougher Iran sanctions
Hamas team in Egypt to move forward on truce effort | International |
Biden: US will talk to Iran, but will act
Netanyahu ballot favorite as Israelis drift right | International |
Hamas says no Cairo truce talks on Saturday
Australia bushfires kill 14, more feared dead | International |
17 killed in Afghan unrest
Pope to address Jews after bishop denies Holocaust | International |
US will develop missile defences, if cost effective: Biden
Digital scans of Lucy take pre-humans inside out | Technology |
Feds Say Company Knowingly Shipped Samonella-Tainted Products
NATO chief lashes European allies over Afghanistan
NATO chief criticises Russian security plan
Australia bushfires kill 14
Pakistani militants say Polish hostage killed
Will Ferrell has mixed reviews as Bush on Broadway | Entertainment |
India says militant camps in Pakistan still active
Raging wildfires kill at least 14 in Australia
2 officials killed in same Afghan province
Japan's Pioneer May Quit Flat-Panel TV Business
Graham Nash: Deja Vu again with Crosby and Stills | Entertainment |
Red Cross urges safe passage for sick in Sri Lanka
Floods, wildfires hit Australia
Grammy weekend kicks off with Neil Diamond tribute
Dozens in Taiwan dive into harbor for good luck
World Bank to lend $2 bln to Pakistan in 2009
Bosnian war crimes film fights against forgetting
North Korea expresses openness to nuclear talks
Safety scandal hits China's dairy exports: state media
Saving Abel rocker accused of sex assault
Russia releases Japanese fishing boat crew
Economic crisis hits China's toy exports: state media
Reports: Pioneer to pull plug on TV business
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		BlogMeter 1.01