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Bonds News

US House approves $155 billion jobs bill

WASHINGTON, Dec 16 (Reuters) - The U.S. House of Representatives on Wednesday approved a $155 billion measure that seeks to create jobs and blunt the impact of the worst recession since the 1930s.

By a vote of 217 to 212, the House approved additional spending for “shovel-ready” construction projects and money to avoid layoffs of teachers, police and other public employees.

The Senate is expected to consider the measure early next year.

Editing by Eric Walsh

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