Wednesday, January 28, 2009

House passes Obama economic stimulus plan

President: 'Perilous moment' requires swift action to kick-start economy

WASHINGTON - The Democratic-controlled House approved $819 billion in spending increases and tax cuts at the heart of President Barack Obama's economic recovery program Wednesday evening, despite Republicans' charges that the bill is wasteful.

"We don't have a moment to spare," Obama declared earlier Wednesday at the White House as Democrats hastened to do his bidding.

A mere eight days after Inauguration Day, Speaker Nancy Pelosi heralded a new era. "The ship of state is difficult to turn," said the California Democrat. "But that is what we must do. That is what President Obama called us to do in his inaugural address."

Read full story MSNBC

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