Federal Update: Economic Stimulus Package

CNN is reporting that this evening the Senate passed its economic stimulus package. The Senate Economic Stimulus Package is a $170 billion dollars compared to the House/Bush package at $150 billion. The final Senate package keeps the House rebate check amounts and adds checks for more than 20 million Social Security beneficiaries and 250,000 disabled veterans and their widows. The Senate and House Economic Stimulus Packages do not increase state FMAP. The House will take up the Senate’s package this week and President Bush is expected to sign the bill.