NEW YORK (CNNMoney.com) – The Senate's slow-moving effort to spur job creation was thrown into turmoil Thursday.
Senate Majority Leader Harry Reid, D-Nev., said Democrats will offer a slimmed down jobs bill. Only hours earlier, a key Republican and key Democratic issued a more comprehensive measure that they said had bipartisan support.
The switch left many on snowed-in Capitol Hill scratching their heads, wondering why Reid lopped off most of the provisions included in the draft legislation unveiled earlier by Senate Finance Committee's Max Baucus, D-Mont., and Chuck Grassley, R-Iowa.
"The Reid announcement undermines the carefully crafted Baucus-Grassley effort and throws sand in the gears of bipartisan negotiation," a Grassley spokeswoman said.
A Democratic aide said Reid was concerned about the Senate's ability to pass a larger bill.