The U.S. Senate readied itself over the weekend to vote on a huge $780bn stimulus package aimed at giving the economy the short-term jolt it needs to get on the path to recovery. Senators worked over the weekend to trim the hefty package which included amendments that had inflated its size to nearly $1 Trillion.
Debate on the stimulus package is set to resume at 1pm on Monday followed by a vote at 5:30pm to stop any further amendments. Barring any unexpected developments, a final vote on the measure is scheduled for noon on Tuesday. This will then be further reconciled with the earlier stimulus package passed by the House of Representatives into one package.
Senator Ben Nelson from Nevada states the measures include $350bn in tax cuts, providing relief for 95% of Americans. It also contains billions of dollars in infrastructure spending, and boost support for jobless benefits and food aid for the poor.
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