House approves aid to desperate states

Pat McMahon Contributor
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NEW YORK (CNNMoney.com) — Cash-strapped states are one signature away from getting $26 billion in federal funds to shore up their budgets.

The House voted 247-161 Tuesday, with support from the Democrats and overwhelming rejection from the Republicans, to send $16.1 billion in additional Medicaid money and $10 billion to prevent layoffs of teachers and first responders. In an unusual move, representatives returned from their August recess to approve the measure.

President Obama, who urged lawmakers to pass the bill, is expected to sign it Tuesday night.

Full story: House approves aid to desperate states – Aug. 10, 2010