It's a busy night on Capitol Hill. Just hours after the Senate approved its own economic stimulus plan, now comes the hard part. Negotiations are underway to somehow cut out major difference in the Senate and House bills and come up with a new one that will get approved by both chambers by this weekend.
This won't be easy. We're talking about different price tags, different priorities. The House tally is $819 billion. The Senate version costs $838 billion and provides more tax cuts.
Tonight we'll have the latest on the talks and break down the differences that need to be worked out.
Three GOP senators broke party lines to vote for the Senate plan – Sens. Susan Collins, Olympia Snowe and Arlen Specter. They warn if there are drastic changes to the bill they may not support the final version.
Meanwhile, Treasury Secretary Tim Geithner has unveiled the administration's latest plan to help America's banks. He's says those with assets of $100 billion or more will face a "stress test" to see if they can survive long-term economic hardship. He also said the government would direct more than $1 trill in public and private cash to help boost banks.
But investors were not impressed. The Dow fell 381. The S&P shed 43 points and the Nasdaq lost 67.
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We'll have these stories and more starting at 10pm ET.
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