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McClatchyPresident-elect Barack Obama meets with Vice President-elect Joe Biden, Senate Majority Leader Harry Reid (D-NV), House Speaker Nancy Pelosi (D-CA), and Rep. John Boehner (R-OH) on Capitol Hill in Washington, D.C. | By David Lightman and Kevin G. Hall | McClatchy Newspapers
WASHINGTON — Amid a galloping global economic crisis and mounting U.S. job losses, President-elect Barack Obama and congressional leaders agreed Monday on broad aspects of what's sure to be the largest short-term economic stimulus plan the nation has ever seen and promised to pass legislation quickly.
Democratic leaders in the House of Representatives and the Senate — with little resistance from Republicans — said they'd immediately push Obama's ambitious stimulus package. The president-elect is proposing a $775 billion, two-year economic stimulus package that includes about $300 billion in tax cuts or credits, with a special emphasis on lower and middle-income earners.
The plan got an important boost from Republicans, who lauded the tax cuts.
"There's likely to be widespread enthusiasm for that portion of it," said Senate Republican leader Mitch McConnell, R-Ky.
....
Perhaps most important was the day's tone. Obama met first with Democrats at the Capitol, then McConnell and other Republican leaders joined the session.
Obama, participants said, didn't attempt to negotiate in the meetings and didn't express specific views of specific proposals.
Still, the tone was upbeat.
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