February 11th, 2009
02:56 PM ET
9 years ago

BREAKING: Deal on stimulus

Senate Majority Leader Harry Reid announced Wednesday a House-Senate deal has been reached on the stimulus.

Senate Majority Leader Harry Reid announced Wednesday a House-Senate deal has been reached on the stimulus.

WASHINGTON (CNN) - House and Senate negotiators have reached agreement on an economic recovery bill, Senate Majority Leader Harry Reid said.

Watch: 'This is the right thing to do,' senator says

"The bills were really quite similar, and I'm please to announce that we've been able to bridge those differences," said Reid, the Senate Majority Leader.

"Like any negotiation, this involved give and take, and if you don't mind my saying so, that's an understatement," he said.

Negotiators worked late into the night to iron out differences between the two versions of the stimulus bill.

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Filed under: House • Senate
soundoff (132 Responses)
  1. Tesap:Savannah, GA




    February 11, 2009 03:28 pm at 3:28 pm |
  2. Laverne

    I hear from some of these bloggers that the other stimulus did not work so this one won't either. The other stimulus were used for different reasons, bailing out wall street and banks. The stimulus checks that were recieved last year was just so people would go shopping. This stimulus is designed to create and/or sustain jobs. So please stop comparing the stimulus to past stimulus bills, there is quite a big difference.

    February 11, 2009 03:29 pm at 3:29 pm |
  3. Justin in TN

    Ha ha ha ha. I don't have any kids so I don't have to worry about them paying this off.... I say make the bill 2 trillion dollars! I'll be gone before this is paid off but so long as I got mine! Suckers!!!!!

    February 11, 2009 03:29 pm at 3:29 pm |
  4. Bob in Pa

    It should be a requirement to take Economics 101 for anyone who gets into Congress.

    February 11, 2009 03:30 pm at 3:30 pm |
  5. Baze

    I applaud the government on working hard and negotiating to get this done. What I've seen so far looks decent. Hats off to Snowe, Collins and Specter for putting aside politics, and truly getting involved in the negotation procedure. The rest of the party should be ashamed for their grandstanding, bickering, and gambling with the health of the nation.

    February 11, 2009 03:33 pm at 3:33 pm |
  6. cal

    The repubs that stepped up to the plate to support this bill, I want to say thank you. All the other repubs, you are all cowards stuck in the bush frame of mind. Boy are you idiots dumb. You are the reason we are in this mess and then you try to everything under the sun to throw a monkey wrench in this package Pres Obama and the democrats came up with. I understand there needed to be some changes made in the package but you morons wanted everything to go your way, hell no you people got us where we are today why in the heck would we want to listen to anything you have to say. Your days of tax cut for rich are over it's time for real hard working american folk have a piece of the pie.

    February 11, 2009 03:33 pm at 3:33 pm |
  7. Kim in St. Louis

    Thanks for taking out the proposed $15,000 tax credit for purchasing a home. That will certainly help out all of us struggling to sell our homes! Once again, the lower-middle class gets the shaft!

    February 11, 2009 03:34 pm at 3:34 pm |
  8. Rob Johnson

    I'm not exactly thrilled about this bill, but it sure beats the hell out of the Bush Administration's approach of "Let's give $700 Billion to the wealthiest banks in the world and hope it trickles down." How is that working out so far?

    Trickle down economics doesn't work.

    Supply side economics doesn't work.

    Unchecked greed doesn't work.

    This stimulus may not work either, but at least it's an attempt at something other than the same nonsensical "Voodoo economics" that the GOP has been trying to ram down our throats for 30 years.

    At least with this bill, if nothing else we'll have some new roads and better schools when all is said and done.

    February 11, 2009 03:34 pm at 3:34 pm |
  9. prayer

    Among the many things which I pray to God is the following:

    Please bless and protect the 3 Republicans and any other Republicans who endorse the bill. I truly admire them for their courage. They could have played it safe and chose the lesser and much more selfish route.

    February 11, 2009 03:34 pm at 3:34 pm |
  10. Rachel

    "Who else is getting such goodies in this bill we have to pay for?"

    ...I can say with confidence, that as long as this passes, at least one family, (mine) will keep a job.
    My husband works as a civil engineer, and with the lack of infrastructure funding, his company had been going through layoffs. Fortunately, they hadn't hit him yet, but the warnings were there. Had this not passed, we were unsure of how long his job would last.
    Fortunately, my job was -relatively- safe, in health care, but losing his income would have probably ended up costing us our home.

    I know that the company he works for now can breathe a bigger sigh of relief.
    Thank you to Specter, Snow, and Collins – even though I wish the Dems had had the cajones to take care of business on their own (Nuclear Option)–your efforts did not go un-noticed.

    February 11, 2009 03:36 pm at 3:36 pm |
  11. barack obama is still just B.O.

    Proof that idiots are running the country

    February 11, 2009 03:36 pm at 3:36 pm |
  12. Bob in Pa

    Maybe we should let Sarah hunt the wolves in DC. Pesky critters been tearing a hole in our pockets way too long!. Protect the Greenback !

    February 11, 2009 03:37 pm at 3:37 pm |
  13. Jo

    For those who are against this stimulus, what is your solution? What do you know that others don't. If it is just to cut taxes, how do you cut something you don't have? If all those on this board are so insightful and smart and following the donothings on the right, then I hope they will run for office and show us all how they would fix up the country. They surely feel free to spout off here, let them do it in Congress and enlighten all of the nation. I am glad at least some of Congress has the guts to help the American people and not follow like sheep the McConnell's, does he ever smile?, and Limbaughs of their party.

    February 11, 2009 03:38 pm at 3:38 pm |
  14. he is NOT the chosen one after all

    Presidents Reid and Pelosi-great job....but that's the only jobs that will not be lost..(except for Acorn) mo' money for dead voters

    February 11, 2009 03:38 pm at 3:38 pm |
  15. Jim

    Flush. There goes another 789B down the drain.

    February 11, 2009 03:40 pm at 3:40 pm |
  16. Latte Sipping Leftie

    So what projects worh 40 billion dollars did they take out of the deal?

    February 11, 2009 03:40 pm at 3:40 pm |
  17. Mike in Columbus

    I just hope it works.

    February 11, 2009 03:41 pm at 3:41 pm |
  18. Ray Ray

    I smell bacon!!

    Let's all watch the reaction of Wall Street, shall we? Obama and his Euro-Socialist friends are driving the nail into our Capitalist coffin.

    I predict – another 400-500 point drop within 24 hours.

    February 11, 2009 03:41 pm at 3:41 pm |
  19. Michael

    So when is Obama or Pelosi or Reid or anyone who is a Democrat going to talk about the hidden legislation in this bill for the new bureaucracy, the National Coordinator of Health Information Technology. It will monitor treatments to make sure your doctor is doing what the federal government deems appropriate and cost effective. Hospitals and doctors that are not “meaningful users” of the new system will face penalties. Does anyone know what these penalties are? Will your doctor feel free to advise you on all options, or just what the government bureaucracy approves of to avoid penalties?

    February 11, 2009 03:41 pm at 3:41 pm |
  20. Kurt C.

    Hooray! Hooray! The Porkulus Bill has passed!

    February 11, 2009 03:42 pm at 3:42 pm |
  21. Angie in Pa

    Well Its about time!

    February 11, 2009 03:43 pm at 3:43 pm |
  22. Just shut up!

    I can't believe we're passing this. This bill is the worst piece of legislature and thievery in the history of our country.

    I simply can't believe it has come to this.

    February 11, 2009 03:43 pm at 3:43 pm |
  23. J.P.

    Oh, hooray! To quote George Carlin, Congress will "deliver the pork chops!"

    You're all fools and you're all being led to the slaughter. But hey, you're getting a check from the government, right?! So what does it matter if we economically enslave the next five generations of Americans, just as long as we get a good healthy dose of unnecessary spending right now?

    "A democracy will continue to exist up until the time that voters discover that they can vote themselves generous gifts from the public treasury. From that moment on, the majority always votes for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse over loose fiscal policy, ... (which is) always followed by a dictatorship.""
    – Unattributed

    February 11, 2009 03:44 pm at 3:44 pm |
  24. gt

    harry reied paraded those gop senators out like some kind of show pig at the fair.,,, give me a brake ! american you children and grandchildren can have the harry reid burden on the backs till they die..... excuse me i need to go puke

    February 11, 2009 03:44 pm at 3:44 pm |
  25. GS

    Too bad the democrats decided to cut one of the few things that would actually help the economy, the 15k tax cut for home purchases. Since you need good credit to get a loan these days you can be more certain the people buying houses won't be defaulting on mortgages, and that 15k (or 7.5k per year, remember, it could have been split over two years) would have been a major selling point for people that can afford to spend money to do so.

    Imagine credit worthy people getting loans and buying houses so banks have a good stream of revenue, contstruction workers getting put to work building houses, cities make more property tax etc etc… But no, we wouldn't want that because according to a lot of democrats on this site "15k tax breaks are for the rich only". Too bad the economy would be much better off if the "rich" would start spending money again, instead of having to hold on to all they have so they can pay the insane taxes that are coming in the near future.


    February 11, 2009 03:46 pm at 3:46 pm |
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