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Obama Statement on the Senate's Passage of the Economic Stimulus Package

Press Release

Location: Washington, DC

U.S. Senator Barack Obama (D-IL) today released the following statement after the Senate's passage of the Recovery Rebates and Economic Stimulus for the American People Act of 2008, H.R. 5140, which passed by a vote of 81 to 16. Yesterday, Senator Obama voted in favor of the economic stimulus package, which was initially blocked by Senate Republicans.

"As millions of hardworking Americans face foreclosure, unemployment, and bills they can't pay, it's critical that Republicans and Democrats finally came together to pass a stimulus package that provides immediate tax relief to working families, seniors, and veterans.

"This is similar to the stimulus package I proposed weeks ago, and it will put needed money back into the pockets of working Americans in order to give our economy the boost it needs as we face down a possible recession.

"While this bill will provide immediate relief to millions of Americans, I also believe that we must do more to extend unemployment insurance for all Americans and more to help those suffering from the home foreclosure crisis. I expect that the President will sign this bill immediately."

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