Monday, February 9, 2009

Stock Market Early News February-09 2009


Wall Street gave back some of last week's big gains Monday as euphoria over the government's expected stimulus bill waned amid more grim corporate news.
The Senate is expected to pass an $827 billion stimulus bill on Tuesday. The government, however, still faces the challenge of reconciling the Senate bill with the House's $819 billion version that passed earlier. Republicans and Democrats have been at odds over the plan, which is designed to help pull the economy out of the worst recession in decades. President Barack Obama is still pressing to have the stimulus measure on his desk for signing by the middle of this month.

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