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U.S. Senate Shelves Obama’s $447 Billion Job Creation Plan

President Barack Obama’s effort to enact a $447 billion jobs plan was derailed by the U.S. Senate, falling short of the 60 votes needed to advance what he has proposed to revive a faltering economy.

Two Democrats joined the Republican minority to block the plan in a test vote. Yesterday’s tally was 50-49, shelving the measure in its current form.