Phantom
01-25-2008, 08:56 AM
Senate May Scuttle House's Agreement With Bush on Stimulus Plan (http://www.bloomberg.com/apps/news?pid=20601087&sid=aDzIggDfdllY&refer=home)
The bipartisan agreement on an economic stimulus package reached by House leaders was immediately undermined by senators intent on ensuring that their ideas get a hearing before any bill becomes law.
Even before House Speaker Nancy Pelosi of California and the chamber's minority leader, John Boehner of Ohio, stood together yesterday on Capitol Hill to announce their agreement, Senate Finance Committee Chairman Max Baucus, a Montana Democrat, said he planned to introduce his own bill.
After a week of talk about the need for speed and cooperation among Democrats and Republicans, the House leaders agreed with the Bush administration on a plan to distribute rebate checks to 117 million families earning at least $3,000, give businesses incentives to invest in equipment and allow federally chartered mortgage-finance companies Fannie Mae and Freddie Mac to buy mortgages of up to $729,750.
Read the rest here (http://www.bloomberg.com/apps/news?pid=20601087&sid=aDzIggDfdllY&refer=home)
The bipartisan agreement on an economic stimulus package reached by House leaders was immediately undermined by senators intent on ensuring that their ideas get a hearing before any bill becomes law.
Even before House Speaker Nancy Pelosi of California and the chamber's minority leader, John Boehner of Ohio, stood together yesterday on Capitol Hill to announce their agreement, Senate Finance Committee Chairman Max Baucus, a Montana Democrat, said he planned to introduce his own bill.
After a week of talk about the need for speed and cooperation among Democrats and Republicans, the House leaders agreed with the Bush administration on a plan to distribute rebate checks to 117 million families earning at least $3,000, give businesses incentives to invest in equipment and allow federally chartered mortgage-finance companies Fannie Mae and Freddie Mac to buy mortgages of up to $729,750.
Read the rest here (http://www.bloomberg.com/apps/news?pid=20601087&sid=aDzIggDfdllY&refer=home)