WASHINGTON -- With bad employment news mounting and an insistent president urging quick action, the Senate was to reconvene this morning in hopes of passing a compromise on a sweeping economic stimulus bill that could create or save more than 115,000 jobs in Michigan.
The stumbling block Thursday was the 10-year price of the stimulus plan being debated in the Senate -- more than $900 billion -- fueling Republican demands that it be scaled back. "The time for talk is over," President Barack Obama said Thursday, noting a report that unemployment claims jumped to 626,000 last week, a 26-year high and up 78% from a year ago. National employment numbers are due out today and are expected to indicate a national economy still slipping toward depression.
Full Story: Senators to try again today on stimulus - Detroit Free Press
The stumbling block Thursday was the 10-year price of the stimulus plan being debated in the Senate -- more than $900 billion -- fueling Republican demands that it be scaled back. "The time for talk is over," President Barack Obama said Thursday, noting a report that unemployment claims jumped to 626,000 last week, a 26-year high and up 78% from a year ago. National employment numbers are due out today and are expected to indicate a national economy still slipping toward depression.
Full Story: Senators to try again today on stimulus - Detroit Free Press
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