Thursday, August 12, 2010

President Obama signs $26 billion jobs bill to aid state payrolls

President Obama signs $26 billion jobs bill to aid state payrolls: "In the Washington area, where budget troubles have forced school boards to freeze salaries, trim programs or cut staff, the bill would provide about $70 million for the District, $450 million for Maryland and $540 million for Virginia, according to the Center on Budget and Policy Priorities. Maryland's schools superintendent, Nancy S. Grasmick, said the 'money will be helpful' in reducing class sizes and rehiring reading teachers and other specialists.

In a midday vote, the House approved the bill 247 to 161, with all but two Republicans voting no. The measure would provide governors with an additional six months of federal assistance: $10 billion for education and about $16 billion for Medicaid, which will allow them to avoid shifting cash away from other priorities."

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