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Bonds News

UPDATE 1-Reid: U.S. Democrats will offer limited jobs bill

(Updates with comments on financial regulation bill)

WASHINGTON, Feb 11 (Reuters) - U.S. Senate Majority Leader Harry Reid said on Thursday that Democrats will offer a limited jobs-creation package.

“We are going to move a smaller package than talked about in the press,” Reid said, emerging from a closed-door meeting with members of the Senate Democratic Caucus.

Reid said it would include so-called Build America Bonds, business tax credits and highway construction. Democrats said they favored a limited bill, one they believe could win Senate passage, rather than a broad measure that could get stalled.

Separately, Reid said he expected the Senate to pass a “really good financial regulation bill” -- now that Banking Committee Chairman Chris Dodd has resumed bipartisan negotiations.

Dodd announced earlier in the day that he had begun talks with Senator Bob Corker, a first-term Republican member of the panel, which is seeking a sweeping regulatory overhaul.

Reporting by Thomas Ferraro and Donna Smith; Writing by Thomas Ferraro; Editing by Eric Walsh

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