Congress is expected to receive the President’s Stimulus 2.0 this today. According to National Journal the President will submit legislation to Congress tonight.
President Obama will send a $447 billion jobs bill to Congress on Monday night, according to an administration official. He will announce the move in a Rose Garden ceremony surrounded by teachers, firefighters, police officers, construction workers, small business owners, and veterans, the official said. Obama first announced the proposal to Congress last week.
The Senate, controlled by Democrats, is expected to take up this legislation soon. The President has demanded immediate consideration of his stimulus, so expect Senate Democrats to try to force some early votes on the package. The House is expected to break up the President’s plan and take up parts easier to pass. The White House claims that the bill will cost $447 billion, but the Congressional Budget Office has yet to score this legislation. Furthermore, Congress is expected to load up this package with some pet projects and more costly ideas, so it is reasonable to expect this package to come in much higher than the President’s own price tag.
This will be a busy week in the House and Senate with hearings and legislation. The end of Fiscal Year 2011 is looming on September 30th, so expect some movement and talk of a Continuing Resolution. Also, expect another meeting of the Super Committee.
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