A Tentative Agreement has been Reached on Obama's Stimulus Package
WASHINGTON - Senators from both parties are announcing a deal is reached to advance President Barack Obama's Economic recovery plan through the Senate.
Nothing has been confirmed yet, but democratic leaders in the Senate say a tentative economic stimulus bill would cost about $827 billion dollars.
Republicans insist some of the spending won't create jobs. The tentative agreement was worked out behind closed doors between Democratic leaders and key Republican moderates. It includes President Barack Obama's signature tax cut of up to $1,000 for working couples. Also included are breaks for home buyers and people buying new cars.
"The situation could not be more serious! These numbers demand action. It is inexcusable and irresponsible for any of us to get bogged down in distraction, delay, or politics as usual," said President Obama.
We're told the senate has agreed to give $6 billion dollars of the stimulus package to nuclear waste clean up projects around the country, which could bring in billions of dollars to the Hanford Nuclear site, something Senator Patty Murray has been pushing for since the house decided to give only $500 million back in January.
The President wants the bill on his desk by the February 16th.