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« China central gov't cashes in another $19 bln for stimulus plan | Main | Japan's Big-Works Stimulus Is Lesson »

February 3, 2009

Democrats lose Senate vote to add $25 billion to stimulus

By DAVID LIGHTMAN

WASHINGTON -- The Senate refused on Tuesday to pump an additional $25 billion into road, transit and water projects in its economic stimulus package, but it approved a tax break for car buyers, as lawmakers struggled for ways to craft a bipartisan plan.

Members also soundly rejected a tax proposal to encourage companies to bring their foreign earnings back to the U.S. as they looked for ways either to pare the nearly $900 billion bill or at least get the money out more quickly.

Full Story...

Posted by boyang at February 3, 2009 9:06 PM