Opponents of President Barack Obama’s $447 billion jobs plan had enough votes to block the measure in the Senate, with two Democrats joining Republicans to derail his prime proposal to help turn around the struggling economy.
The decision of the Senate leaves Obama’s economic agenda in limbo because the political parties disagree about what should be done to lower the nation’s 9.1 percent unemployment rate. Republicans seek permanent tax cuts and deregulation, while Obama and congressional Democrats want more federal spending and short-term tax reductions.
The decision of the Senate leaves Obama’s economic agenda in limbo because the political parties disagree about what should be done to lower the nation’s 9.1 percent unemployment rate. Republicans seek permanent tax cuts and deregulation, while Obama and congressional Democrats want more federal spending and short-term tax reductions.
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