News 12 at 11; February 11, 2009
WASHINGTON (AP) -- Moving with lightning speed, the
Democratic-controlled Congress and White House have agreed on a
compromise $790-billion economic stimulus bill.
It's designed to create millions of jobs in a nation reeling
from recession. The measure could win final congressional approval
and be signed by President Barack Obama in a matter of days.
Senate Majority Leader Harry Reid says more than a-third of the
bill is dedicated to providing tax relief for middle-class
families. He says it will cut taxes for 95 percent of American
House Speaker Nancy Pelosi, who was Reid's partner in the
negotiations, initially withheld her approval to make sure the
package contained funding for school construction. She later told
reporters the delay was worth it, saying, "We had to make sure the
investment in education" was in the bill.
The president has issued a statement welcoming the accord. He
says the stimulus plan will save or create more than two and a-half
million jobs and get the economy back on track.
(Copyright 2009 by The Associated Press. All Rights Reserved.)