Wednesday, February 4, 2009
Dems lack votes to pass stimulus; will try to cut size to please Repubs
Republican attempts to block the stimulus are apparently working as efforts to pressure centrist Democrats have them pulling their support. According to sources there are not enough votes to pass the bill and Democrats are now scrambling to cut its size to appease Republicans dead set on voting for it. This may not work either. Failure to pass the stimulus will almost certainly result in new lows for stocks.
Read story here.