The U.S. House of Representatives has passed President Barack Obama’s $787 billion plan to stimulate the economy. The measure was passed on a 246-183 and it will now go to the Senate for a vote.
The economic stimulus bill combines tax cuts for individuals and businesses with a half-trillion dollars in government spending for infrastructure, health care and help for cash-starved state governments. Older Americans would get a $250 bonus Social Security check.
Obama claims that the plan will save or create 3.5 million jobs.