After the House of Representatives this afternoon passed a $35 billion expansion of the State Children's Health Insurance Program (SCHIP) this afternoon, President-elect Barack ObamaBarack ObamaOvernight Finance: GOP divided over welfare cuts in budget | Lawmaker loses M on pharma stock he pitched | Yellen says another financial crisis unlikely in our lifetimes Why UK millennials voting for socialism could happen here, too Overnight Regulation: EPA moves to repeal Obama water rule | Labor chief to review overtime rule | Record fine for Google MORE praised the measure and pledged to sign it should the Senate put it on his desk.

"In this moment of crisis, ensuring that every child in America has access to affordable health care is not just good economic policy, but a moral obligation we hold as parents and citizens. That is why I