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Stimulus Passes Key Hurdle in Senate

In a move that all but ensures the Senate passage of the $838 billion stimulus compromise, Senate lawmakers this evening voted to end a GOP filibuster of the

Jul 31, 2020
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In a move that all but ensures the Senate passage of the $838 billion stimulus compromise, Senate lawmakers this evening voted to end a GOP filibuster of the upper chamber’s bill, pounded out by a group of moderates late last week.
The count was 61 to 36, with almost every Republican voting against the bill. Sen. Arlen Specter of Pennsylvania and Sens. Olympia Snowe and Susan Collins of Maine were the only Republicans who voted in support.
The vote came on the same day that President Barack Obama traveled to Elkhart, Ind. for a public forum designed to sell the stimulus plan to a public tiring of enormous taxpayer-funded economic rescues. Obama is slated to hold the first news conference of his administration tonight in Washington at 8 p.m.
The upper chamber will vote on final passage tomorrow afternoon. Afterwards, the House and Senate will have to work out the differences — some of them considerable — between the two bills. The hope among lawmakers is to reconcile those differences by the weekend. Look for one chamber to go home unhappy.
Camilo Wood

Camilo Wood

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Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing. Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers. Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
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