This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/business/7233984.stm
The article has changed 5 times. There is an RSS feed of changes available.
| Version 0 | Version 1 |
|---|---|
| Senate approves US economy plan | Senate approves US economy plan |
| (10 minutes later) | |
| The US Senate has approved an economic stimulus plan that will provide extra money to retired people and veterans. | The US Senate has approved an economic stimulus plan that will provide extra money to retired people and veterans. |
| Aimed at helping to bolster the economy and avoid a recession, the plan is expected to be quickly passed by the House of Representatives. | Aimed at helping to bolster the economy and avoid a recession, the plan is expected to be quickly passed by the House of Representatives. |
| A day earlier a more generous version of the plan than that proposed by President George W Bush failed to find enough support in the Senate. | A day earlier a more generous version of the plan than that proposed by President George W Bush failed to find enough support in the Senate. |
| The credit crunch and housing market woes have dented the US economy. | The credit crunch and housing market woes have dented the US economy. |
| The package, which won overwhelming support, includes providing one-off rebates of up to $600 for individuals and $1,200 for couples plus $300 for each child. | The package, which won overwhelming support, includes providing one-off rebates of up to $600 for individuals and $1,200 for couples plus $300 for each child. |
| Those on low incomes, who do not pay income tax, would receive a $300 payout. | Those on low incomes, who do not pay income tax, would receive a $300 payout. |
| The moves add about $6bn to a $161bn plan which was passed by the House last month. | |
| The new measures were passed in a vote by 81-16, but only after Democrats dropped calls for more unemployment benefits, assistance with fuel bills and plans to offer certain industries tax breaks. |