"House and Senate reach tentative deal on economic recovery package."
CongressDaily reports the key elements of the tentative compromise:
House and Senate leaders have struck a tentative deal on a stimulus package with a top-line figure of $789.5 billion, Democratic aides said this morning. The overall mix of funding and tax provisions remains to be hashed out. One disappointment for President Obama is likely to be a scaled-back “Making Work Pay” tax credit of $400 for individuals and $800 for married couples, which falls short of his goal of $500 and $1,000. But those figures would still meet Obama’s goal of providing a tax credit to 95 percent of working families. Conferees are scheduled to meet at 3 p.m. today, although that will largely be a formality. Democratic aides said House Speaker Pelosi intends to bring the bill to the floor Thursday, followed by Senate passage Friday.