Senate reaches deal on Stimulus Package - KWWL - Eastern Iowa Breaking News, Weather, Closings

Senate reaches deal on Stimulus Package

WASHINGTON (AP) -- Senators from both parties are announcing that a deal has been reached to advance President Barack Obama's economic recovery plan through the Senate.

Montana Democrat Max Baucus said "we have a deal" after emerging from a closed-door Democratic caucus Friday night. The plan was hashed out between a handful of Republican moderates, Democratic leaders and the White House.

Four senators are taking to the Senate floor to announce details of the agreement, which would cut more than $100 billion from the measure after complaints that it contained too much spending that wouldn't create jobs.

The measure is expected to be approved in the next few days.

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