Us Senate Takes Slice Off Obama Stimulus ; Credit Crunch

Summary


THE US Senate today moved a step closer toward approving President Barack Obama's $838 billion (Pounds 566.7 billion) economic stimulus package, combining government spending and tax breaks.

After often rancorous debate which stretched late into the Washington night, the Senate has cut back the plan by about $100 billion.

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Us Senate Takes Slice Off Obama Stimulus ; Credit Crunch

It is expected to clear another hurdle this afternoon, UK time, after which the Senate and ...

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