Economic stimulus package approved by House and heads to Senate - WMC Action News 5 - Memphis, Tennessee

Economic stimulus package approved by House and heads to Senate

To pull the nation out of the mortgage crisis and housing downturn, the House of Representatives approved the economic stimulus plan backed by President George Bush.

It would pay tax rebates by spring.

But the Senate wants to hand out smaller rebates to more people, including those on social security.

Congressional leaders are aiming to send the measure to President Bush by February 15th.

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