House Passes $787B Stimulus Legislation

The House of Representatives passed a massive fiscal stimulus bill aimed at resuscitating the U.S. economy, approving it on a largely party-line vote of 246 to 183. Seven Democrats joined 176 Republicans in voting against the bill. One member voted present, and three did not vote. No Republicans voted in favor of the package. In its latest cost estimate, the Congressional Budget Office put the price tag of the stimulus plan at $787.2 billion over 10 years, a slight drop from the $789 billion that lawmakers said it would cost after it was approved by House and Senate negotiators.