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Tuesday, February 10, 2009

U.S. Senate Approves Stimulus Plan

by Calculated Risk on 2/10/2009 12:41:00 PM

The Senate has approved their version of the stimulus package. The vote was 61 to 37.

There are significant differences between the House and Senate bills, and this might cause some problems in gaining final approval.

For a chuckle, from Krugman on the bailout:

I was going to dub the new financial plan TANF 2 — temporary assistance to needy financial institutions ... But Jamie Galbraith (private communication) has trumped me; he says it’s the Bad Assets Relief Fund.