Opponents of President Barack Obama's $447 billion jobs planblocked the measure in the Senate, with two Democrats joiningRepublicans to derail his prime proposal to help turn around thestruggling economy.

The tally on the test vote was 50-49, falling short of the 60needed to advance the measure and shelving it in its current form.Voting was completed in the evening as the roll call remained opento let Senator Jeanne Shaheen, a New Hampshire Democrat, return toWashington to vote in support of the plan.

The broad plan includes cuts in payroll taxes for workers andemployers and provides new funding for roads, bridges and otherinfrastructure.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.