February 11th, 2009
02:34 PM ET
6 years ago

BREAKING: Lawmakers near agreement on $789B stimulus

WASHINGTON (CNN) - Two key senators involved in talks over the economic stimulus plan emerged from closed-door talks in the Capitol to say negotiators have essentially reached an agreement on a $789 billion package but still need to resolve minor issues before calling it a done deal.

Aides notified reporters a deal could be announced by Democratic leaders at a Capitol news conference in the 2 p.m. hour.

Anticipating a deal is within reach, a conference committee was scheduled to meet publicly at 3 p.m. to formalize the agreement.

"Very, very close. We'll have a conference at 3," Senate Finance Committee Chairman Max Baucus, D-Montana, told reporters. "The votes are there for passage, that is clear."

Sen. Ben Nelson, D-Nebraska - a key centrist in the talks - echoed Baucus' assessment, saying there are no "deal breaker" issues still to be resolved.

– CNN's Dana Bash, Ted Barrett and Evan Glass contributed to this report


Filed under: Senate
soundoff (51 Responses)
  1. Super D

    A woman in a hot air balloon realized she was lost. She lowered her altitude and spotted a man in a boat below. She shouted to him, 'Excuse me, can you help me? I promised a friend I would meet him an hour ago, but I don't know where I am.' 
    The man consulted his portable GPS and replied, 'You're in a hot air balloon, approximately 30 feet
    above a ground elevation of 2346 feet above sea level. You are at 31 degrees, 14.97 minutes north latitude and 100 degrees, 4909 minutes west longitude.'
    She rolled her eyes and said, 'You must be a Republican.'
    'I am,' replied the man. 'How did you know?'
    'Well,' answered the balloonist, 'everything you told me is technically correct, but I have no idea what
    to do with your information, and I'm still lost. Frankly, you've not been much help to me.'
    The man smiled and responded, 'You must be a Democrat.'
    'I am,' replied the balloonist. 'How did you know?' 
    'Well,' said the man, 'you don't know where you are or where you're going. You've risen to where you are, due to a large quantity of hot air. You made a promise that you have no idea how to keep, and you expect me to solve your problem. You're in exactly the same position you were in before we met, but, somehow, now it's my fault.'
     

    February 11, 2009 03:04 pm at 3:04 pm |
  2. MW in California

    Voter – please be specific, what last one? If you are talking about the TARP that is a completely different matter than this stimules bill. If you are refering to FDR's plan back in the 30's why dont you try reading up on history before commenting. IT WAS WORKING regardless what R-Mitch McConnel's version of history being spewed out. I hope that Obama's administration keeps the oversite they so much have been promising the tax payers. That is our hard earned blood and sweet and we dont like giving it away for nothing.

    February 11, 2009 03:06 pm at 3:06 pm |
  3. john, NV

    Did I hear fear from GOP supporter already?

    February 11, 2009 03:07 pm at 3:07 pm |
  4. Bill_ MA

    "And when this stimulus fails just like the last one, then what?"....... At that time all the Negative Nellies can start their own country with nothing but dark clouds over their heads.They can get together,and say nothing will work to bring our country back from the pit Bush/Cheney,McConnell, Boehner, the other republican wingnuts have put us into.

    February 11, 2009 03:07 pm at 3:07 pm |
  5. James at 46

    Half the money goes right back to the federal government for spending on buildings, Medicare, and other largesse. Thirty percent goes to healthcare and education, two sectors of the economy that have increased, not decreased, employment. This is a bill of goods that will drag on us for years, especially when democrats seize on this year's inflated dollar amounts to set new "base lines" for future years of spending programs.

    February 11, 2009 03:07 pm at 3:07 pm |
  6. john, NV

    Kevin from Ohio,
    This is 100% a democrat plan. When…yes, WHEN…. it fails, it will be 100% on the democrats. This plan is NOT stimulus….. its just a fulfillment of left-wing wish lists.
    --------------
    I can't believe that some one from OHIO (or Michigan) praying for this bill to fail?

    February 11, 2009 03:09 pm at 3:09 pm |
  7. Eyes of Texas are Upon You

    Obama Obama – have you read the bill? You wouldn't be complaining if you had.

    February 11, 2009 03:14 pm at 3:14 pm |
  8. Matthew, Detroit

    Say what you want but this bill does NOT solve the housing mortgage problem.

    350 billion from Bush to banks = waste
    34 billion from Barack to Automotive = waste
    350 billion from Barack to banks = waste
    890 billion from Barack to spending plan = waste. nice condoms.
    900 billion in the next plan that is coming.

    I know most of you can not add but that is 2.5 trillion. added to national debt. in 1-2 years. Thanks Barack great job.

    February 11, 2009 03:16 pm at 3:16 pm |
  9. Matthew, Detroit

    SUPER D.

    Love that one. One of the best of all time and completely true.

    February 11, 2009 03:18 pm at 3:18 pm |
  10. Bob in Pa

    These idiots didn't listen to a word the people had to say !
    Now we will suffer for years to come as they add this garbage into the general budget to sustain funding. Now I completely understand how the Revolutionary war started... Taxation Without Representation !

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

    GS

    February 11, 2009 03:24 pm at 3:24 pm |
  12. TIN

    Well, republicans had their chance on the last stimulus- blew up in their faces so fast. I know democrats had a majority, but it's republicans that were pushing for that stimulus.

    Now let's see how long it takes this one to blow in the faces of democrats. Those who don't learn from history- in this case a few weeks- are doomed to repeat it.

    February 11, 2009 03:25 pm at 3:25 pm |
  13. A New Era

    Super D, in your story you forgot to add the part about the guy using the Portable GPS was Dick Cheney. He and his partners knew longitude and latitude but still led this country into this recession, current housing crises, wall street and banking failures, a trillion dollar deficit and the current job losses. Yeh, we know, they all were Republican who said it's not my fault.

    February 11, 2009 03:26 pm at 3:26 pm |
  14. The lonely Libertarian of Liverpool

    @ voter then we start the Bailout IV plans, and bailout V VI , VII.
    after all it takes 6.2 Giga watts to make the Flux capacitor to work.

    February 11, 2009 03:27 pm at 3:27 pm |
  15. mj

    Has anyone on this blog actually read the stimulus bill. It is laden with pork that won't stimulate the ecomony. and to Kevin in Ohio – I totally agree with you. When this country is a socialist mess we can blame the Democraps – whoops, Democrats.

    February 11, 2009 03:28 pm at 3:28 pm |
  16. Kevin

    "This is 100% a democrat plan. When…yes, WHEN…. it fails, it will be 100% on the democrats. This plan is NOT stimulus"

    Yea it such a bad idea that alomost every developed country in the world has introduced a simular stimulus plan.

    Republican the world is aginst your ideas.

    February 11, 2009 03:31 pm at 3:31 pm |
  17. Lush Limprick the REAL RNC Chairman!

    Repubs vote for 3 trillion ot build sewers in Iraq.

    Not one dime for the homeless and unemployed in America.

    Keep working on that hope that "Obama fails" you Lush lemmings.

    February 11, 2009 03:33 pm at 3:33 pm |
  18. GET YOUR MONEY WHILE YOU STILL HAVE IT

    GET YOUR MONEY OUT OF STOCKS. THESE PEOPLE ARE MANIPULATING THE MARKET AND THEY'RE USING YOUR MONEY TO DO IT.
    WHEN YOU TAKE YOUR MONEY OUT OF YOUR 401K YOU PAY A PENALTY TO INSURE THAT YOUR BROKER GETS HIS/HER COMMISSION. AND YOU PAY TAXES ON IT.
    THANK GOD WE DID IT BEFORE THE SH– HIT THE FAN

    GET YOUR MONEY OUT OF THE STOCK MARKET WHILE YOU STILL HAVE SOME!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    February 11, 2009 03:40 pm at 3:40 pm |
  19. Kurt C.

    We don't need the Porkulus Bill. We don't need money for Polar Bears, and zoos, and tennis courts, etc. Quit signing away our future!!

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

    i am sure nancy , and harry and the rest of the spend happy congress can now say to there donors ,, here it is ,, dig in ... belly up to the trough ,,, plenty of slop for all of you ,,,,

    February 11, 2009 03:49 pm at 3:49 pm |
  21. Business Owner In NY

    I love how people think that this is somehow free money. We will pay for this mistake long after people can even remember going to war in Iraq!

    February 11, 2009 03:51 pm at 3:51 pm |
  22. J.P.

    Headline translation:
    "Lawmakers near agreement on $789B first shot of the next American Revolution"

    February 11, 2009 03:51 pm at 3:51 pm |
  23. Rick

    The beginning of the end for the Obumbler administration......and we will all be paying for the next several decades.

    February 11, 2009 04:01 pm at 4:01 pm |
  24. Albert Lemme

    This to me proves that the Republican Leaders are brilliant tacticians and that Democrat Leadership must relinquish Congress to them. McConnell 's leadership and with his Southern Confederate Senators, will run the country until they are a re-elected majority in 2010.

    February 11, 2009 04:09 pm at 4:09 pm |
  25. Hammer

    The Republican senators should refise to vote on the sell-out package so the Dems can claim full and total responsiblity for the fall of America. They will need someone to blame,so don't give them a chance to blame the Republicans.

    February 11, 2009 04:12 pm at 4:12 pm |
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