David Kirkpatrick

January 15, 2009

House Democrats ready $850B stimulus

Filed under: Business, Politics — Tags: , , , , — David Kirkpatrick @ 4:17 pm

We all knew it was coming, but get ready. The House is putting the finishing touches on a $850 billion stimulus package.

Wow.

From the link:

House Speaker Nancy Pelosi said Wednesday that Democrats are close to finalizing the details of an economic recovery package.

Pelosi declined to give reporters any details of the bill, but said she is more confident that Congress would reach the mid-February deadline for getting a bill to Obama’s desk.

“It’s about four words — jobs, jobs, jobs, jobs,” she said.

The overall price tag for the package is $800 billion to $850 billion, with $300 billion to $325 billion designated for tax cuts and $500 billion to $525 billion dedicated to infrastructure spending and aid to the states, according to a senior House Democratic aide.

It’s possible an announcement will be made on Thursday, the aide said.

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