House Passes $154 B Jobs Bill; Senate Will Wait Until New Year

IMG_0166.JPG The House narrowly passed a bill yesterday (217-212) aimed at jump starting the American economy by providing $50B for infrastructure projects, $50 B to help states retain public service employees and more than $60B for the extension of unemployment benefits and health insurance.

Much of the new infrastructure spending will be directed to transportation projects. The bill includes $37.3B in new transportation spending, including $27.5B for roads and $8.4B for transit. The bill also awards $800M to Amtrak for fleet modernization. The Senate is not expected to take up similar legislation until early in the New Year.