Stimulus Plan Lacks Support in Senate, Obama Foresees Catastrophe if it Fails

Government and Economy Senate: Insufficient Votes on Stimulus BillSenate Democrats concede that they lack the votes they need to pass the stimulus bill as currently written. They say that they will seek to cut provisions that would not immediately boost the economy in order to gain the additional support they need. Obama: Failure to Pass the Stimulus Bill Would be “Catastrophic” With Republicans working to reduce President Obama's ballooning economic stimulus plan, the President warned of “a catastrophe” if the bill is not passed quickly. [Read Full Article]