(CNN) - President Barack Obama on Wednesday praised members of Congress for apparently reaching a deal on a stimulus package.
“I want to thank the Democrats and Republicans in Congress who came together around a hard-fought compromise that will save or create more than 3.5 million jobs and get our economy back on track," he said in an issued statement.
Obama also highlighted comments from Caterpillar's CEO that he would rehire some laid-off workers if the bill passed.
"Just today, the CEO of Caterpillar said that if this American Recovery and Reinvestment Plan is passed, his company would be able to rehire some of the employees they’ve been forced to lay off," he said. "It’s also a plan that will provide immediate tax relief to families and businesses, while investing in priorities like health care, education, energy, and infrastructure that will grow our economy once more."