Stimulus bill narrowly survives Senate test vote

An $838 billion economic stimulus bill backed by the White House narrowly advanced in the Senate on Monday over strong Republican opposition, and Democratic leaders vowed to deliver the emergency legislation for President Barack Obama‘s signature within a few days.

By DAVID ESPO, AP Special Correspondent

The vote was 61-36, one more than the 60 needed to move the measure toward Senate passage on Tuesday. That in turn, will set the stage for possibly contentious negotiations with the House on a final compromise on legislation the president says is desperately needed to tackle the worst economic crisis in more than a generation.

The Senate vote occurred as the Obama administration moved ahead on another key component of its economic recovery plan. Officials said Treasury Secretary Timothy Geithner would outline rules on Tuesday for $350 billion in bailout funds designed to help the financial industry as well as homeowners facing foreclosure.

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http://news.yahoo.com/s/ap/20090
210/ap_on_go_co/congress_stimulus

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