Amid stunning new job losses and the latest bank failure, key senators and the White House have reached tentative agreement on an economic stimulus measure at the heart of President Barack Obama's recovery plan.
Two officials last night said the emerging agreement was for a bill with a $780 billion price tag, but there was no immediate confirmation.
The tentative agreement capped a tense day of back-room negotiations in which Senate Majority Leader Harry Reid, joined by White House chief of staff Rahm Emanuel, sought to attract the support of enough Republicans to give the measure the needed 60-vote majority.
Officials strongly suggested that Senator Edward M Kennedy's vote would be needed to assure passage. The Massachusetts Democrat, battling a brain tumor, has been in Florida in recent days and has not been in the Capitol since suffering a seizure on Inauguration Day more than two weeks ago. The senator's office did not comment.
Under Senate rules, a senator must be in the chamber to vote. Reid met privately in the Capitol with members of his rank and file to present the proposed deal.
At $780 billion, the legislation would be smaller than the measure that cleared the House of Representatives on a party-line vote last week. It also would mean a sharp cut from the bill that has been the subject of Senate debate for a week. That measure stood at $937 billion.
