WASHINGTON (CNN) – U.S. senators spent part of Saturday debating the massive economic recovery package, after a group of lawmakers reached a compromise agreement that trimmed billions in spending from an earlier version.
The senators were to recess at 3 p.m., and return Monday afternoon for more discussion. A vote could come Tuesday on the plan, which President Barack Obama has touted as a tonic for the nation's badly battered economy.
The compromise agreement was reached Friday after days of private meetings between centrist Democrats and Republicans who felt the $900 billion price tag on the Senate's earlier version was too high.
"There is a winner tonight," said Sen. Joe Lieberman, an Independent from Connecticut and one of the moderates whose support was crucial in efforts to corral enough votes for the plan. "It's the American people and they deserve
Senate Democratic leaders are so confident the package will hold that Democratic staffers in the House and Senate are not waiting for the final Senate vote to hash out differences between their two bills, according to a Senate Democratic leadership source, who said behind-the-scenes negotiations were under way Saturday.
James – I could not have said it better. Thanks
It is time to start demonstrating that we are “Fire Up and Ready to Go.” The President warned us of the divisive tactics designed to distract us. Their goal is to put us in a defensive posture that blurs the reality of our circumstance. Let’s trust our President to do what is in our best interest. Nobody has dealt with the scope of the mess they have left behind. The President has sought out the counsel of those who are authorities in economic issues, and sees the merit of addressing this issue with this package. “Yes We Can” but we really have to want to.
I wonder how many historic sites will have to close or be left to fall apart because they cut funding for historical preservation?
Better take your kids to historical places now, you might not have anything left to show them in a few years. What's left standing will be closed to the public due to lack of funding.
If I hear the broken mantra of “it was the Bush policies of the last 8 years that got us into this mess” rhetoric I’m going to puke. For all of you Dems out there who continue to try and rewrite history here is what really happened during the past 8 years. For six of the past 8 years the economy was booming (big time) due to initiatives emplaced by President Bush after 9/11 and would have continued to boom until the mortgage industry crashed. It was actually the mortgage industry that started this mess. And why did the mortgage industry crash????? It started with deregulation by??????? Yep you guessed it, a dem, Bill Clinton (Executive Order 12892). When President Bush went to congress to ask for stricter regulations, your demo buddies Schumer, Dodd, and Franks said the mortgage industry wasn’t broken, and was solid (yea right…). When Republicans led by Sen McCain put a bill before congress to place more restrictions on Fannie and Freddie it never made it out of committee for a vote thanks to the dems. So for the past two years we have been hit with the effects of “Democratic Party”. So please get yours heads out of the sand and put the blame where it really belongs (Democrats). And oh by the way, who has controlled the House and Senate these past two years when this all fell apart??????? Right again, Democrats…
james, Simmy, AC.....don't forget to get in the Gummerent cheese line, forming in your neighborhood real soon.
AC, you hit the nail right on the head.