Senate stalls on 838 billion stimulus plan final talks begin
The Senate failed to approve its 838 billion stimulus bill and negotiators in Washington began final talks. Obama aides pressed for restored school funding and extra aid to states while Republican moderates urged keeping tax cuts and AMT relief. Negotiations centered on sustaining school construction money, AMT patch, housing credits, and executive pay limits amid a tight timetable.
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Nebraska
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Will Straw
Liberal Center For American Progress
Senate Finance Committee
Max Baucus
D-Mont
Reid
Capitol
Congress
John Yarmuth
D-Ky
Stocks tumble as stimulus plan unveiled
New York investors react to the government's bailout proposal with a broad market selloff. Major indexes drop over 4 percent led by financials while Treasuries and gold gain as traders express skepticism about how a trillion-dollar stimulus will be spent.
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New York
Wall Street
James Cox
Harris Financial Group
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