WASHINGTON - Congress gave overwhelming final approval Thursday night to legislation that would send government payments to most American households, provide mortgage relief to home buyers in high-price markets, including Silicon Valley, and grant tax incentives for business investment.
The $152 billion stimulus plan for the faltering U.S. economy now awaits a signature from President Bush. The White House said Bush would sign the bill sometime next week.
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Senate Democrats had sought a considerably larger package than the one approved Thursday. It would have included an extension of unemployment insurance, billions of dollars in energy tax credits and federally backed bonds for home construction. It also would have ensured that low-income seniors, veterans and workers who earn too little to pay income tax would have received the same size check, $500, as working individuals. It would have doubled eligibility thresholds, to $150,000 for individuals and $300,000 for couples.
But when a filibuster of that plan survived by a single vote, House Democratic leaders publicly pressured their Senate colleagues to scale back their ambitions and move fast.
"There is no reason for any more delay on this," Pelosi warned Thursday in a public break with Senate colleagues. "I don't think any change in the bill is really worth the delay."
Reid had raised eyebrows last month when he promised final passage of a stimulus bill by the time Congress leaves for its Presidents' Day break Feb. 15. Lawmakers beat the deadline by a week.
"The news is, we got there. We got there in record time," McConnell said.
This article has to do with a bill that is waiting to be signed by President Bush that will be providing many American households with government payments.



