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A recovery for the ailing US economy looks one step closer after the Senate approved Barack Obama’s US$838 billion (A$1.28 trillion) economic stimulus bill.
The bill passed through the Senate very narrowly, with just 61 votes in favour of the bill – one vote over the crucial 60 vote requirement, The Guardian reported overnight.
According to the daily, the vote takes the bill close to the finishing line with the president hoping to sign the bill off by Monday.
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The stimulus package will create up to 2.5 million much needed jobs, President Obama has pledged, and is designed to stimulate the economy through unprecedented infrastructure initiatives.
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