Senate Stimulus Plan Stopped, Shale Oil Ban Fails
Friday, September 26, 2008On a 52-42 vote today (roll call vote), the Senate failed to reach the 60 votes needed to proceed to debate on S. 3604, the Democratic leadership’s second economic stimulus bill, a $56.2 billion package of stuff, including Sen. Reid’s destimulating ban on domestic oil shale production.
From Reuters:
The bill would have extended unemployment benefits by up to 20 weeks and boosted funding for food stamps by 10 percent. It would have helped states pay health-care costs and provided low-interest loans for small businesses.
It also included spending for a wide range of other measures, from a new Coast Guard icebreaker to a next-generation spacecraft and upgrades to local sewer systems.
Oil & Gas Journal covers the shale oil angle. CQ Politics anticipates a House vote on a separate stimulooza.
The White House’s Statement of Administration Policy details the provisions and raised the veto stamp high.
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