House Quickly OKs $819B Economic Stimulus Bill - Higher Education
Higher Education News and Jobs

House Quickly OKs $819B Economic Stimulus Bill

by Associated Press and Diverse Staff

Washington, D.C. – In a swift victory for President Barack Obama, the Democratic-controlled House approved a historically huge $819 billion stimulus bill Wednesday night, filled with new spending and tax cuts at the core of the young administration’s revival plan for the desperately ailing economy. The vote was 244-188.

“We don’t have a moment to spare,” Obama declared at the White House as congressional allies hastened to do his bidding in the face of the worst economic crisis since the Great Depression.

The vote sent the bill to the Senate, where debate is expected to begin as early as this week on a companion measure already taking shape. Democratic leaders have pledged to have legislation ready for Obama’s signature by mid-February.

The education sector was expected to be one of the major beneficiaries of the multi-billion dollar package, according to media reports.

Under the proposal, $150 billion will be allocated to school districts, child care centers and university campuses which would more than double the present budget of the Department of Education.

It will include school renovation, special education and grants to poor college students which would be the largest hike in federal assistance to the education sector since after World War II. Even prior to the approval of the economic stimulus plan, the U.S. Congress approved in early January the release of $79 billion to help financially hemorrhaging states keep up with government services and avoid deeper cuts to education programs across the country.

The House vote came after days of intense lobbying by the new president, including personal appeals to congressional Republicans. GOP lawmakers spurned Obama, saying the bill contains too much spending and not enough tax cuts.

Email the editor: editor@diverseeducation.com

Click here to post and read comments



© Copyright 2005 by DiverseEducation.com

RELATED ARTICLES >>
Thurgood Marshall College Fund Awards More Than $3.3 Million to Students in 2018 The Thurgood Marshall College Fund has awarded more than $3.3.million in scholarship money to students since January 2018, according to a press release issued Monday by the organization. The money was received by high-achieving students attending ...
Report: Elementary and Special Education Teachers’ Knowledge of Reading Instruction is Lacking A new report indicates that many states are failing to maintain the necessary requirements when it comes to elementary and special education teachers’ knowledge of reading instruction. In the report titled, “Strengthening Reading Instruction Throu...
Billionaire Gives $125M to University of Chicago Economic Department CHICAGO — Billionaire businessman Ken Griffin is donating $125 million to the University of Chicago’s Department of Economics. The university announced Griffin’s gift Wednesday, saying it’s the second-largest in school history and brings his perso...
UW-Superior to Drop 9 Majors, 15 Minors, Grad Program SUPERIOR, Wis. — University of Wisconsin-Superior officials have decided to drop nine majors, 15 minors and a graduate program due to lack of interest. Wisconsin Public Radio reports some of the majors include sociology, theater, journalism and po...
Semantic Tags:

Leave a Reply

Your email address will not be published. Required fields are marked *