By the time you read this, the situation may have changed. Things are moving fast in Congress these days. Believe it or not, there's more going on in Washington, DC, than the $700 billion Wall Street bailout.
On Friday, Sept 26, the House of Representatives passed HR 7110, an economic stimulus bill that would fund job creation, infrastructure investment, energy assistance and a second extension of benefits for long-term unemployed workers. The same day, the Senate failed to pass S 3604, its own economic stimulus that would have included the unemployment extension.
President Bush has promised to veto any such legislation if Congress passes it.
Congress was scheduled to close up shop for the year on Friday, but they worked through the weekend and will continue this week to finish up work on the Wall Street bailout/rescue bill. The economic stimulus package is not being linked to the bailout bill. Will there be any further action on a stimulus package before Congress adjourns? Stay tuned.