Industry News

Senate Halts Obama's Jobs Bill

October 12, 2011

The U.S. Senate rejected the Motion to Invoke Cloture on the Motion to Proceed with the American Jobs Act of 2011 (S. 1660) in a vote at 6:30pm on October 11th. The bill needed 60 senators to approve it, but the outcome of the vote was 50-49 (one senator did not vote). President Obama submitted the bill with the intention of creating jobs and relieving taxes on workers and small businesses, in order to reduce the unemployment rate of 9.1% and stimulate the economy. Debate over the bill has been plagued by partisanship and now leaves Obama with an attempt to advance the bill piecemeal through Congress.

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