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. Brenda C

    So much for this promise from Obama!

    End the Practice of Writing Legislation Behind Closed Doors: As president, Barack Obama will restore the American people's trust in their government by making government more open and transparent. Obama will work to reform congressional rules to require all legislative sessions, including committee mark-ups and conference committees, to be conducted in public. By making these practices public, the American people will be able to hold their leaders accountable for wasteful spending and lawmakers won't be able to slip favors for lobbyists into bills at the last minute.

    February 11, 2009 04:04 pm at 4:04 pm |
  2. Oregon

    The Country has now moved beyond Republicans to the point where they are no longer relavant.

    February 11, 2009 04:05 pm at 4:05 pm |
  3. Lilarose in Bandon, Oregon

    I am proud of the two female senators from Maine.

    Can you imagine how many great things our country could accomplish NOW if most of the senators and representatives in Congress were female?

    Alot, folks! We women know how to run households, we can run this country!

    February 11, 2009 04:06 pm at 4:06 pm |
  4. Once you vote Black

    And we shall name him Porkulus! Its as good as a pig in a poke. But if it gets us on our feet I sam let them eat sausage

    February 11, 2009 04:09 pm at 4:09 pm |
  5. pete

    Wow, more breaking news on Obama tax cheating appointments. It turns our Rahm has been living rent free for seven years in the house of one of his house of representatives buddies. His buddies' wife has been paid all kinds of lobbying money by Rahm's business, and Rahm has received rent free living for seven years in return. Sounds like Rahm has gotten a free car and driver from an employer that he failed to pay taxes on.

    I enjoy the circus music.

    February 11, 2009 04:09 pm at 4:09 pm |
  6. Left and Gone

    Ridiculous, it is loaded with pork. It should be 1/3 the size and focused on small business and tax cuts. I voted for Obama to get "change". Instead, my own party has outdone the monumental spending of the past eight years. Never again.

    February 11, 2009 04:09 pm at 4:09 pm |
  7. HF from PA

    wow...I do believe we're on track from the right wing anger on this one...they really are about to blow a cork. I can't wait until healthcare reform...that will send them all over the edge

    February 11, 2009 04:12 pm at 4:12 pm |
  8. Tim

    Jo.....who is looking for a solution from those of us that oppose the bill.....it is quite simple JO....

    The average recession lasts 18 months....we are 12 months into this one......wait 6 months for the economy to recover on its own (if you look it seems to have a pattern for doing that).....

    During that 6 months shore up the banking system and put some regulations on who these people loan money to (guess what...if you have a sucky credit score and don't make enough money...sorry...no house for you!)....


    February 11, 2009 04:12 pm at 4:12 pm |
  9. Kevin in Ohio

    The beginning of the End for the democrat regime. Gee, that didn't take long at all. 1-20-2013.

    February 11, 2009 04:12 pm at 4:12 pm |
  10. Hal

    Fine. But there's one thing I don't understand. What happens to the new jobs and the saved jobs once they're all paid out?

    If the local governments can't afford to keep people employed now without FED money what happens when after a year of employment there's no more money?

    And most infrastructure jobs do not come under the bid price and typically last longer then bid. At least that's been my experience here in Florida.

    The markets didn't really look all that great today with the sub 8,000 dow close, so I'm guessing that Wall Street remains skeptical of DC.

    Only thing that seems to be doing well is the precious metals I watch with ExactPrice http://www.learcapital.com/exactprice

    Gold jumped almost to $950 and ounce! Silver came within sight of $14 and platinum is surprise me in spite of all the bad auto news.

    Just tells me that investors are trying to hedge against the dollar.

    February 11, 2009 04:16 pm at 4:16 pm |
  11. 1776

    Response to Jo 3:38 – Right on! It 's amazing how many financial geniuses are on these boards that can predict with such unequivocal certainty that the good ole U. S. of A. is now bound for certain destruction. Hey folks, it's easy to attack when someone is doing something. I understand how unsettling this must be for conservatives who supported republican congresses that so justifiably earned the label of "The Do Nothing Congress". Where were you folks when Bush and Cheney were squandering our surplus, daragging us into unnecessary and expensive conflicts, handing out billions with no questions asked to Halliburton, and approving the no strings attached TARP bill last year? And all you can do is parrot the FAILED FAILED FAILED strategy of tax cust for the rich?

    As my dad used to say, "Don't bring me more problems, bring me solutions!"

    February 11, 2009 04:18 pm at 4:18 pm |
  12. Payoff for Maine Senators

    The back door payoffs to Maine's two renegade Senators will be a midnight entry, much like the $15 million earmark that Arlen Spector got for his health institute. Pelose gobbled up $25 million to save the salt water marsh in her district which is political payback to several of Pelosi's high roller contributors. While Americans are losing their jobs, their homes, and their retirement savings, Obama, Pelos, Reid, Frank, and others are like hogs feeding at the trough. This is a disgraceful display of gluttony and everything that is wrong with Washington. People forget that the reason George Bush got elected twice was becasue the Democrats were taxing and spending like raving lunatics. This Pork Spending Bill will NOT stimulate anything except the pockets of Dem fat cats.

    This is not change. This is criminal. Obama has been hoodwinked. I do not want to believe he did this to America deliberately, but rather it was due to his inexperience.

    Obama yells at bankers going on a conference to Las Vegas, while at the same time Democrats are spending $500 million on a Democratic Outing – HYPOCRITE

    February 11, 2009 04:27 pm at 4:27 pm |
  13. Survivor

    Let me take the words out of Ms. Palins mouth "God will see it through" If the door opens......well now – this isn't what many in the Republican Party had envisioned was it ?? that is why they were not elected this round – their ideas are done – its time for Change.....and those thinking that it wasn't something they wanted – well – too many want too much.... but we have to start somewhere and its like priming a pump (water) if any of you know what that means – but once it is primed the water will flow on its own with no further help.....this is how I see the stimulus package its just priming the pump – now the rest of us from bottom to top have to do our parts! Just not sit back and wait for more – its on all of us now – Thank you Senators, Congressmen (women) and President Obama and your team....

    February 11, 2009 04:28 pm at 4:28 pm |
  14. Sherry,N.Calif.

    Thank you is not enough said, but "We'll be back" for the crumbs. Crumbs that are left after Wall St. and Banks get another in billions that will far out weigh what American citizens received today.

    February 11, 2009 04:29 pm at 4:29 pm |
  15. Derrick

    $400...is that per paycheck or over the course of they year?....I'm thinking year.....so I get back about $8! yay! I can buy some beer!

    February 11, 2009 04:29 pm at 4:29 pm |
  16. karen-Phoenix

    Solutions!!! They are trying and that is what it will take to get this country back on its feet!!! We have had a down hill mess for the past 8 years and it is going to take a LOT to get us going back up!!! Bless them all because HOPE is all we have and Faith that this will do it. God Bless President Obama and VP Biden!!!

    February 11, 2009 04:29 pm at 4:29 pm |
  17. Donna

    Bravo to all of them!! And after listening to Senator Graham's interview about this with Wolf Blitzer, I will add:



    February 11, 2009 04:30 pm at 4:30 pm |
  18. G.O.P.: When you got nothing, You got nothing to lose

    Collins, Snowe and Spector should become independents.

    February 11, 2009 04:30 pm at 4:30 pm |
  19. he is NOT the chosen one after all

    arithmetic is liberal ??? STRICT OVERSIGHT???we are dealing with the failed policies of the last two years of presidents Reid/Pelosi and their vice-presidents Frank/Dodd and the community organizer Barry Obama.

    February 11, 2009 04:30 pm at 4:30 pm |
  20. Cynthia

    Thank You Democrats and the 3 Patriotic Republicans. We don't know if this is going to work but at least you are trying.

    February 11, 2009 04:31 pm at 4:31 pm |
  21. big papa

    I've got just the solution for the House committee which is about to begin deliberations:

    Don't give a single PENNY of stimulus money to the subsidized Red States that have received more federal monies back than they've put in.

    Don't give a PENNY of stimulus money to the CONFEDERATE states and their treasonous Senators and congress persons who have fought tooth and nail to obstruct this Bill!

    That should save just enough to make it acceptable to the conservative back-stabbing Obama/America-haters.

    February 11, 2009 04:32 pm at 4:32 pm |
  22. sam

    rotflmao @ Geoff Lewis

    Stay ignorant dude.......its good for the country, the more people like you that exist, the faster we will breed you out of existence.

    February 11, 2009 04:32 pm at 4:32 pm |
  23. Ben in Dallas

    1776 You said it brother!

    February 11, 2009 04:33 pm at 4:33 pm |
  24. In Houston, TX

    The stimuls package is too small. It should have been around 3 trillion dollars per Paul Krugmen (nobel prize winning economist; someone I think we should listen to) The actuall effects of this pacckage will be negligible.
    However, there is a little thing that I learned from the Bush administration. Signing statements can do almost anything to a bill that makes it to the desk of the President of The United States. As I recall, Bush used signing statements on most of his bills. I think now would be a good time for Obama to do the same

    February 11, 2009 04:35 pm at 4:35 pm |
  25. Ed Fl

    T hope that every house republican lost every nickle that would be spent in their district. Ditto for the repulican senators. They all are hateful spoiled brats. especially all the red neck hillbilly politicians throughout the bible belt. Talk about life and beliefsare just plain rhetorics for them.

    February 11, 2009 04:49 pm at 4:49 pm |
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