After rumors that the stimulus package was headed to the Senate yesterday, it appears lawmakers are still putting the final touches on the bill in order to get a passing vote.
There is a small group of both Republicans and Democrats that are trying to shave about 100 Billion off the package. This comes on the same day President Obama begged Washington to get this thing moving as job losses spike and unemployment rises.
Key Potential Cuts from the Stimulus:
Money to fight the Flu
Education Grants
Special Education
No Child Left Behind Act
With the cuts above, Washington hopes to add around 24-25 billion in infrastructure. As far as using American companies, if commodities prices rise over 20%, commodities would be able to be purchased outside the United States.
When all said and done, it looks like this stimulus package will be around 800 billion dollars. It looks like they are moving slower then expected on this bill. Hopefully we get something by next week because I believe Congress goes on vacation soon.
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