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

Senate reaches deal on Stimulus Package

Posted:

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.

Powered by Frankly