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Congress has tentative deal on size of final stimulus plan

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Bozita Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-11-09 12:16 PM
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Congress has tentative deal on size of final stimulus plan
Source: AP

Wednesday, February 11, 2009
Congress has tentative deal on size of final stimulus plan
Andrew Taylor / Associated Press


WASHINGTON (AP) -- Negotiators for Congress and the White House have tentatively settled on a $790 billion price tag on President Barack Obama's economic stimulus bill and are working to narrow differences on individual elements of the bill.

After unofficial talks stretching into the late evening on Tuesday, officials announced a formal meeting of negotiators for mid-afternoon in the Capitol as they try to get a bill to Obama's desk for signing by week's end.

Democratic aides said that Obama's negotiating team had prevailed in restoring some lost funding for school construction projects during talks Tuesday, and had also increased aid to state governments above the $39 billion approved in a compromise with a handful of Senate GOP moderates.

Obama's "Making Work Pay" tax credit would be reduced from $500 per worker to $400, with couples eligible for an $800 credit, instead of $1,000, said a Democratic aide close to the talks. This aide spoke on condition of anonymity because the negotiations are private.

Read more: http://www.detnews.com/apps/pbcs.dll/article?AID=/20090...



Posted at 1:02pm ET at the Detroit News website.
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Winterblues Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Feb-11-09 12:47 PM
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1. This is supposed to hit his desk before next Monday
Let's hope it does, I am tried of the cry baby antics of the Republicans. The exact same Republicans (Limbaugh, Gingrich, Graham, etc.) are saying the exact same things they said in 1993 before Clinton's budget was passed. They were proved demonstrably wrong then so why are they given any credibility at all now?
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