February 11, 2009 / 8:09 PM / 11 years ago

Congress, W.House reach deal on economic stimulus

WASHINGTON, Feb 11 (Reuters) - The U.S. Congress and the Obama administration reached a deal on Wednesday on a $789 billion economic stimulus package that would mix tax cuts and new government spending to rescue the faltering U.S. economy.

Senate majority leader Harry Reid told reporters negotiators had “bridged differences” between an $820 billion dollar House version of the package and an $838 billion version passed by the Senate.

Reid said votes on the final stimulus bill could come as early as Thursday. Senators said more than one-third of the bill was dedicated to middle class tax cuts, and it would create 3.5 million jobs.

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