stimulus debates continue

Negotiators agree on $790B price for stimulus bill

WASHINGTON – Negotiators for Congress and the White House have tentatively settled on a $790 billion price tag on President Barack Obama's economic stimulus bill and are working to narrow differences on individual elements of the bill.

After unofficial talks stretching into the late evening on Tuesday, officials announced a formal meeting of negotiators for mid-afternoon in the Capitol as they try to get a bill to Obama's desk for signing by week's end.

Democratic aides said that Obama's negotiating team had prevailed in restoring some lost funding for school construction projects during talks Tuesday, and had also increased aid to state governments above the $39 billion approved in a compromise with a handful of Senate GOP moderates.

Obama's "Making Work Pay" tax credit would be reduced from $500 per worker to $400, with couples eligible for an $800 credit, instead of $1,000, said a Democratic aide close to the talks. This aide spoke on condition of anonymity because the negotiations are private.

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Sounds like there are some positive results here, though we'll see what we end up with. Hopefully, more of the spending will be put back in and more of the useless tax cuts will be taken out.

More potential good news:

The Latest On Negotiations Over The Stimulus: School Construction In, Home-Buyer Credit Out?

(Think Progress)