Statement on Senate Action on Economic Growth Legislation

Two weeks ago, my administration reached an agreement with Speaker Pelosi and Leader Boehner on a short-term economic growth package that would quickly put money into the hands of the American people and provide our economy the boost it needs. Today the Senate amended that bill in ways I can support.

This plan is robust, broad-based, timely, and it will be effective. This bill will help to stimulate consumer spending and accelerate needed business investment.

This economic growth package is an example of bipartisan cooperation at a time when the American people most expect it. I thank members of both parties and both Houses for their efforts to advance this important legislation.