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Stimulus Bill Fails in Senate

The Senate today voted on a GOP-introduced $500 billion stimulus package, however the bill failed on a 51-44 vote.

Negotiations continue between House Democrats and the Administration. The two sides are potentially very close to reaching a deal on an almost $2 trillion package. Senate Majority leadership reportedly does not support such a large price tag. An agreement would need to be reached between the House, Senate, and Administration in the next few days in order to pass both chambers and be signed into law before the November 3rd elections.

Updates here.