Senators reach deal to cut stimulus bill to $780B

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http://www.huffingtonpost.com/2009/02/06/dem-stimulus-deal-reached_n_164808.html


Senators reach deal to cut stimulus bill to $780B

ANDREW TAYLOR | February 6, 2009 08:21 PM EST | AP
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WASHINGTON — With job losses soaring nationwide, Senate Democrats reached agreement with key Republicans Friday night on an economic stimulus measure at the heart of President Barack Obama's plan for combatting the worst recession in decades. "The American people want us to work together. They don't want to see us dividing along partisan lines on the most serious crisis confronting our country," said Sen. Susan Collins of Maine, one of two GOP senators who signaled support for the bill.

Officials put the cost of the measure at $780 billion in tax cuts and new spending combined. No details were immediately available, and there appeared to be some confusion even among senators about the price tag as floor debate continued late into the night.