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February 11th, 2009
05:23 PM ET

What's the holdup on the Stimulus?

[cnn-photo-caption image=http://i2.cdn.turner.com/cnn/2009/images/02/11/art.pelosi3.gi.jpg caption="Pelosi and Reid are discussing the stimulus compromise."]

Dana Bash and Evan Glass
CNN Congressional Unit

Despite talk of a deal - the stimulus drama isn't over - and a deal has not been reached. CNN can confirm that Senate Democratic leader Harry Reid is in Speaker Nancy Pelosi's office at this hour - trying to persuade her to agree.

Senate Democratic leadership aides say the holdup concerns the addition of $10 billion for school construction/modernization. In the Senate version, $10 billion was added to the $44 billion allocated toward 'state stabilization' to help school infrastructure.

But aides House members would rather this $10 billion in funding go through Title I, which would assign the funds based on need, as opposed to giving the money to governors through the state stabilization vehicle.

Nadeam Elshami, a spokesman for Speaker Nancy Pelosi says that a meeting is currently underway in the Speaker's office with House Democratic leadership, Senate representatives and White House representatives.

"We're moving very rapidly to making an announcement on a deal," said Elshami.


Filed under: Economy • Raw Politics
soundoff (22 Responses)
  1. Tom Reading

    And by the way....for the total cost of all the tarps and this plan the govt. could have given all estimated 300 million American's , Roughly $22,000 each to spend and stimulate the economy ;-P

    February 11, 2009 at 11:32 pm |
  2. Tom Reading

    The definition of insanity is repeating the same experiment and expecting different results. Here again we are about to Throw BILLIONS out the window for projects that will do nothing more then *AT BEST* keep some states from laying off employee's right away.
    Which they have the gall to count in their Creating Job's figures!

    WHERE IS THE MONEY COMING FROM MR> PRESIDENT?
    We are borrowing it...but in short order...other nations in difficulty will see us as bad risk! In the end we will sadly come to realize we should have taken our painful medicine and let the market correct without government intervention (though using government oversight). The government should have given taxpayers a break via payroll taxes and addressing the housing issue directly..but they can't dip their own greedy lips into the money that way....So here is what is going to happen.

    They will then run into the same short fall next year because we have treated a symptom and not the ISSUE *HOUSING*
    But that's not even the scarey part....Because they are going to simply Print more money and in the next couple years drive the economy into Hyperinflation....You may well be begging canadian's for their dollars because they'll be worth more then the Wheel barrel of Cash it takes for you to buy a loaf of Bread! Welcome to the new Great Depression!

    February 11, 2009 at 11:26 pm |
  3. jim Fallbrook CA

    I don't know why we need a stimulus bill. First of all, it will not stimululate the economy. Joy in Seattle itemized all the pork projects which I agree with. Ronald Reagan got us out of the worst recession in history which he inherited from the worst president in history Jimmy Carter Democrat by having tax cuts. The liberal news media and democrats called it trickle down economics. Geroge W, Bush got us out of a recession he inherited from Democrat William J Clinton using tax cuts. Also from the 9/11 attack when the economy went into a downturn. This recession is unique. It is mostly caused by the sub prime loans and greed from banks. It got worse when the news media started broadcasting doom and gloom. Most of the unemployment is due to companies preparing to stay afloat in case the recession gets worse. The simpler solution is for banks to start making 3% interest home loans. That will keep the number of foreslosures at a manageable rate. Properties will go up in value. Home owners will recover most of their lost equity.. This along with tax cuts will shorten the recession. As all liberals know, our socialist president prefers to tax and spend.

    February 11, 2009 at 9:55 pm |
  4. earle,florida

    Re: Deborah M. Perhaps you should E:mail/Phone/Write your Senators,and Representatives to alert them about;Experion;TransUnion;and Equifax! Just mention to them the, "Triple AAA Rating" these agencies Moody's;S&P; Fitch; etc. handed out to Merrill Lynch, Lehman Bros. etc. for Credit default Swaps( CDS's),Collatorlized Debt Obligations(CDO's) etc.! There all the same Deborah,so maybe someone should investigate them,...Good Luck(:

    February 11, 2009 at 9:24 pm |
  5. lampe

    OH! Poor Nancy, she didn't get her way. So, let's see what she does, she throws a major temper-tantrum. Nothing like having mature people run our Counrty!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    February 11, 2009 at 9:15 pm |
  6. Rose from Muscoy, Calif

    When HELL FREEZES OVER!

    February 11, 2009 at 8:19 pm |
  7. Lori

    With Lincoln's birthday, I think it is prophetic that we once again allude to freeing the slaves. I cannot be the only person that sees the American middle and lower class as the slaves that we are. The fact that we are paid for our labor does not mitigate the fact that we pay our own up keep (health care, food and lodging). Agreed, we have come a long way and are better off than most countries, but are we really better off? I think we need to keep scare tactics in place, I think they need to get scarier. Wouldn't it be great if the republicans were the ones that were scared? The whole premise to their party is being unraveled. Trickledown economics didn't work. Granted the New Deal didn't either, but doesn't that mean we try something new? Maybe scare the republicans into doing their job and listening to the PEOPLE, you know as in, we the people. The corporate sector had it's turn and got too greedy, now let's let the people try. Let's free the slaves, and try some democracy for a change.

    February 11, 2009 at 7:59 pm |
  8. Joy in Seattle

    I forgot to mention...

    $4.5 billion for U.S. Army Corps of Engineers
    $850 million for Amtrak
    $87 million for a polar icebreaking ship
    $1.7 billion for the National Park System
    $55 million for Historic Preservation Fund
    $7.6 billion for “rural community advancement programs”
    $150 million for agricultural-commodity purchases
    $150 million for “producers of livestock, honeybees, and farm-raised fish”

    February 11, 2009 at 7:40 pm |
  9. Dave

    Nice picture. Could Nancy Pelosi be any more scary?! I'm sleeping with the lights on tonight.

    February 11, 2009 at 7:39 pm |
  10. Joy in Seattle

    To name a few:
    In 1992 unemployment rose up to 7.9
    In 1982 it got up to 10.8
    In 1975 it got up to 8.4

    Unemployment has been as high or higher in the past and we got out of those without spending trillions of dollars. Meanwhile this crap is in the "stimulus" bill:
    $50 million for the National Endowment for the Arts
    $380 million in the Senate bill for the Women, Infants and Children program
    $300 million for grants to combat violence against women
    $2 billion for federal child-care block grants
    $6 billion for university building projects
    $15 billion for boosting Pell Grant college scholarships
    $4 billion for job-training programs, including $1.2 billion for “youths” up to the age of 24
    $1 billion for community-development block grants
    $4.2 billion for “neighborhood stabilization activities”
    $650 million for digital-TV coupons; $90 million to educate “vulnerable populations”

    And you wonder why there are those opposed to it. COME ON!

    February 11, 2009 at 7:25 pm |
  11. DSCGOURMET.COM

    Yes, start doing your jobs and show us some results!!!

    February 11, 2009 at 7:17 pm |
  12. MIKE LAKE WORTH FLORIDA

    Pelosi is as bad as any far right crack pot as far as I'm concerned. More partisan BS is just what the country DOES'NT need.

    February 11, 2009 at 7:16 pm |
  13. jarrod

    @ deborah I canceled credit cards to eliminate monthly bills, paid them off, never used them again, and then my score was screwed because i did the right thing and now this is my problem.............I don't beleive the american people that do the right things are going to tolerate much more....GOOD luck!!!

    February 11, 2009 at 6:47 pm |
  14. earle,florida

    Hold your ground, Ms.Speaker of the House, Nancy Pelosi; til the whites of their (Damn Republican's to Hell!) eyes, are in your sight,...

    February 11, 2009 at 6:21 pm |
  15. jarrod

    dry ice melts and the scene leaves no evidence during the the last deep recession i remember they used this tactic to rid evidence on a soap opera!!!!!

    February 11, 2009 at 6:17 pm |
  16. jarrod

    why does it feel like the economical trigger is being held by dry ice?

    February 11, 2009 at 6:13 pm |
  17. sharon

    You know, People in America need releif..... Humanity was created to be creative, what are we creating is the question; look at the current state of the world and you have your answer. A tree is known by it's fruits. you wreap what you sow. bottom line no way out. that's it.
    We need to do it better, we need to do it right. there is no other way.
    the era or error has come to and end. If you want a better world,
    a better country follow the golden rule, stop lying, cheating, stealing and be accountable, do the job you were elected to do, be the voice of the people not a dictator for the people. Educate our own people, help them succed and restore pride in being an american because we are honest, hopeful, helpful generous and we have integrity and purpose.
    Provide for us what we deserve, represent us fairly and consciously.

    February 11, 2009 at 6:04 pm |
  18. nomad

    Where is Paulson? And why is he not in JAIL!

    February 11, 2009 at 5:55 pm |
  19. Sterling James

    AC360,

    Heck the Dems won! Just make it a cool $1 trillion or two. President Hopenchange says it's good and he knows. Do it!

    February 11, 2009 at 5:54 pm |
  20. Deborah M

    What do you think government should do to address the plummeting credit ratings of otherwise responsible Americans who have seen their FICO scores decline in the wake of the recent economic freefall?

    Personally, my FICO score has fallen because of unpaid medical bills. A snowball situation developed once I got laid off, lost my insurance, subsequently had emergency gall bladder removal, and continue to struggle financially, having burned through my savings.

    Should my FICO score – and respectable credit future – be forever tarnished because of our failing economy? No one has addressed this facet yet…

    February 11, 2009 at 5:53 pm |
  21. Rick Hanson

    To get the Republicans on board with the economic stimulus package it should be renamed the "Financial SURGE"–they'll understand and support that!

    February 11, 2009 at 5:47 pm |
  22. Annie Kate

    Any of the education monies should be done by need – so it wouldn't matter which mechanism the monies went through. This does not seem to be something that should hold this process up.

    February 11, 2009 at 5:29 pm |