President Barack Obama believes in the passing of his stimulus package. He says that despite the ongoing differences between Republicans and Democrats, the plan will be finalized shortly. Hopes are that the bill will be passed in mere weeks.
Obama also held a meeting to discuss the current situation of the bill in the Senate with the Democratic congressional leaders. The meeting was said to be very productive and that the Democrats agreed on how vital it was for them to quickly get a bipartisan agreement on the package.
It was said that Obama told his team to remove whatever needs to be cut in order to reach that bipartisan agreement.
The Senate is expected to vote on the list of amendments to the bill on Tuesday afternoon.
The goal is to have it complete by the end of the week so the House and Senate can work together on a final draft to present to President Obama.
One difference between the House and Senate versions is that the Senate’s plan would total a cost of $884.5 billion over the next ten years. Furthermore, the Senate’s version would place $694 billion into the economy by the end of 2010.
Republicans believe that their ideas will be listened to and taken into account based on Obama’s recent actions and outreach to them.
February 13th is the set deadline for finalizing a bill to put in front of President Obama.