How Low Will Obama Go on Stimulus?

By Jennifer Parker

Feb 4, 2009 7:27am

President Obama will meet today with leaders of a bipartisan group of moderate senators working now on bringing down the overall cost of the stimulus bill.

It’s led by three people — Sen. Susan Collins of Maine, Sen. Olympia Snowe of Maine, and Sen. Ben Nelson of Nebraska.

White House and senate sources tell me that the president is going to be meeting individually with each one of these senators today to see if they can work towards some kind of agreement to take out some of the spending programs in this package which aren’t considered to give the biggest job  bang for the buck.

There will still be differences with this group.

The president doesn’t want to bring the package down as far as some of these senators want to go. But they’re going to be working intensively on a compromise today.

The key question: can President Obama and his allies accept a stimulus package smaller than the $819-billion bill passed by the House?

–George Stephanopoulos

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