With the idea of reviving the American economy, the 44th President of the United States, Barack Obama, had come up with a so-called stimulus plan.
However, many Democratic and Republican politicians found the 900 billion dollars rescue package "too much", therefore the Senate held a special Saturday session to modify it. Eventually, both sides agreed on changing the bill and reducing the numbers from 900 to 700.
Mr Obama expressed his gratitude because the idea of the Democrats had been supported by the opposition. The parties could quickly make a decision on a plan that "will provide jobs and tax relief for the American people".
The President said that "The scale and scope of this plan is right, and the time for action is now." Then he added: "If we don't move swiftly to put this plan in motion, our economic crisis could become a national catastrophe."
Note that Mr Obama can only sign the bill if it has been passed by the Senate and the House of Representatives. The deadline of the bill to be sent to the President is February 16.
The situation in the US is desperate. Only in January more than half a million employees and workers were made redundant, making the unemployment rate reach 7.6%, the highest in 17 years.
The Republicans expressed their concern that the improved version of the bill involved too much spending and too less tax cuts. More tax cuts are needed to help American families save more of their money.
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