February 9th, 2009
06:44 PM ET
11 years ago

Senate stimulus bill to cost $838 billion

NEW YORK (CNNMoney.com) - The amended economic recovery bill that the Senate is expected to pass on Tuesday would increase the deficit by $838 billion over 10 years, the Congressional Budget Office estimated on Monday.

That is less than the $885 billion the CBO estimated the original Senate bill would cost last week. But it's still larger than the roughly $820 billion stimulus bill passed by the House two weeks ago.

Republicans and some Democrats criticized the size of the original Senate package.

Sen. Susan Collins, R-Maine, and Sen. Ben Nelson, D-Neb., led a small, bipartisan group of senators last week to reduce the price tag by roughly $100 billion.

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Filed under: President Obama • stimulus plan
soundoff (60 Responses)
  1. Texas Teacher

    Oh, of course.. it was just fine and dandy to bail out Wall Street... where is the trickle down economics? NO WHERE.... the only place it trickled down to was the pocket of those bankers... and so on!

    Pffft.... disgusting.. these Republicans are so transparent that it is almost sickening.... that is if we cared one whit what they think or want!

    February 9, 2009 08:01 pm at 8:01 pm |
  2. Texas Teacher

    Some one should tell those Republicans that We, the People, will surely remember them come election day! 🙂

    February 9, 2009 08:02 pm at 8:02 pm |
  3. mary

    Isn't it amazing that all of a sudden Republicans are crying because of the size of the stimulus package? Why didn't they cry when President Bush pushed $750 billion ($350b of which has gone down the drain) to aid the banks? Why is it ok to help big business but not small people? And btw, is there any mechanism to get the banks to pay back if they play the fool?

    February 9, 2009 08:10 pm at 8:10 pm |
  4. Keith

    After seeing a few of the items that Republicans objected to in the bill, I can't blame: $125 Million for DC sewer system, $345 Millon for the prevention of sexually transmitted disease, $350 Million for child care on military installations just to name few things that would only add to the pork laden bail out the Democracts want. I'm a Republican and a Veteran and agree with them fighting to keep this UNNCESSARY spending out of the bill.

    February 9, 2009 08:15 pm at 8:15 pm |
  5. Ed

    John McCain's spending freeze he mentioned during the debates sounds good right about now!

    February 9, 2009 08:20 pm at 8:20 pm |
  6. SteveMan

    What a disgrace. From Barney and his CRA loving cretins that helped put us in this mess (with some GOP support) to this crapper...how sad and pathetic our government has become. And to see the tools supporting this bill...sickening.

    February 9, 2009 08:22 pm at 8:22 pm |
  7. kay

    Because the senate and the congress are having difficulties coming to an agreement we need to have another voting election where we the American people vote on this stimulus plan. It will not take us weeks to come to a resolution, we would have it resolve in 24-48 hours.

    February 9, 2009 08:25 pm at 8:25 pm |
  8. doodybop7

    I agree with anonymous, I would love to see the republicans feel the pain of losing a job or going through the process of losing their home. A lot of people are not giving this President a chance. They criticize everything that he does, no matter what it is. I am still dramatize from what Bush and the republicans did to the American people, especially to the mother's, father's, wives and children of American soldiers. In which, they want us to forget about ; get over it; and agree with them to trash Obama for his efforts in his process of getting the American people back on track. Senator McCain is being a soar loser along with other republicans instead of standing behind the man that is now in the White House. , they rather see to it that he fails. Well... I stand behind this President, whether he fails or wins because at least he is trying.

    February 9, 2009 08:25 pm at 8:25 pm |
  9. obama all the way

    this will only be a drop in the bucket, compared to the TRILLONS that the last administration spent on things that only hurt AMERICA, this plan is for US.

    February 9, 2009 08:39 pm at 8:39 pm |
  10. P. Y.

    @ Darrin

    People can't pay taxes if they are not working. So how would suspending payroll taxes help ?
    Idiot !

    February 9, 2009 08:53 pm at 8:53 pm |
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