Marketplace®

Daily business news and economic stories

Senate to propose stimulus add-ons

President Bush's economic stimulus plan heads to the Senate tomorrow, and senators are already working to expand the bill. Steve Henn reports add-ons like road resurfacing projects and unemployment benefits will be in debate.

TEXT OF STORY

Doug Krizner: If you watched the state of the Union address last night, you got the president’s take on the economy:

President George W. Bush: At kitchen tables across our country, there is a concern about our economic future.

That’s why he urged quick passage of a $150 billion stimulus plan. The House is already on board. Tomorrow, the Senate begins debate. Marketplace’s Steve Henn reports.


Steve Henn: Already, senators are circulating competing proposals to expand the stimulus backed by the House and President Bush.

Senator Ron Wyden: The temptation will be to load up the bill. That would either delay it or derail it, and neither option is acceptable.

Nonetheless, senators like Democrat Ron Wyden are working with Republicans to try and add $5 billion for road resurfacing projects that Wyden says would employee almost 200,000 people.

Wyden: My sense is that that money will get out to working families more quickly, who will spend it on goods and services in the United States.

Others add-ons? Expanding home heating assistance, unemployment benefits, even extending tax rebates to millionaires.

But Democrat Charlie Rangel, the chairman of the House Ways and Means Committee, said ideas like that would widen the chasm between rich and poor and could scuttle the deal.

In Washington, I’m Steve Henn for Marketplace.

Related Topics

Tagged as:

Latest Episodes

View All Shows
  • Marketplace
    5 minutes ago
    26:08
  • Marketplace Morning Report
    7 hours ago
    7:08
  • Marketplace Tech
    13 hours ago
    11:03
  • Make Me Smart
    a day ago
    19:00
  • This Is Uncomfortable
    4 days ago
    56:05
  • Million Bazillion
    25 days ago
    32:45