President Obama pledged quick action on the stimulus package after it passed the Senate last night, calling it “a major milestone on our road to recovery,” Reuters reports. “I will sign this legislation into law shortly, and we'll begin making the immediate investments necessary to put people back to work,” Obama said in his weekly radio address. He called partisan disputes over the bill “healthy differences of opinion.”
“Congress has passed my economic recovery plan—an ambitious plan at a time we badly need it,” the president noted. He said the plan would “lay a new foundation” for economic growth. The White House says money will take about a month to channel through the system. Obama is expected to sign the measure as early as Monday.
(More economic stimulus package stories.)