The House is expected to vote today on President Obama’s economic stimulus package, now approaching a price tag of $900 billion. On Tuesday, Obama met with congressional Republicans in an effort to muster bipartisan support.
President Obama: ”We’re still going to have to have much better financial regulation. We’ve got to get credit flowing again. We’re going to have to deal with the troubled assets that many banks are still carrying and that make the — that have locked up the credit system. We’re going to have to coordinate with other countries, because we now have a global problem. I am absolutely confident that we can deal with these issues, but the key right now is to make sure that we keep politics to a minimum.”
The Obama administration has agreed to several Republican demands, including a $69 billion proposal to exempt middle-income Americans from the so-called alternative minimum tax. Obama has also reportedly agreed to cut an expansion of contraceptive coverage under Medicaid.