House plans vote on $50 bln to stimulate economy (Reuters)
Comments: 0 - Date: September 15th, 2008 - Categories: General
WASHINGTON (Reuters) - The House of Representatives plans to debate legislation this month to inject another $50 billion of stimulus into the faltering U.S. economy, mostly with the goal of creating new jobs, a senior House Democratic aide said on Monday.
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Amid fears of wider economic damage from turmoil on Wall Street, the roughly $50 billion would aim to spark needed road, bridge and other construction projects that help create jobs, with details still being worked out, the aide said.
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The money also would be used to help low-income families pay winter heating bills and to extend unemployment benefits.
Early this year, a $168 billion economic stimulus measure was enacted.
Democrats also hope to include in this second economic stimulus measure more aid to states that are facing higher Medicaid health care costs.
"Jobs, jobs, jobs. That's what it's about," according to the aide, who said the bulk of the stimulus money would be for creating new jobs.
Sen. Carl Levin, a Michigan Democrat, also told reporters that an economic stimulus plan he wants the Senate to pass is "in the ballpark" of $50 billion.
The Bush administration and Congress worked together to pass the first economic stimulus law. So far, the White House is resisting a second one.
(Reporting by Richard Cowan and Kevin Drawbaugh, Editing by Sandra Maler)
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