Congress is close to reaching a final deal on an economic stimulus package.
The compromise worked out by a conference committee would result in about $789 billion in federal spending to help stimulate the economy. Congressman Dave Obey (D-WI), who helped negotiate the deal, says it's a huge bill the helps to address a huge problem.
Under the deal, Obey says Wisconsin will receive some much needed help, with funding to help create or save about 70,000 jobs, along with a tax cut of about $800 to nearly two million people.
The plan will also provide funding for school construction, renewable energy projects, and the development of high speed rail. It also offers funding to states to help stabilize their budgets.
Obey says the conference committee is expected to approve the compromise early Thursday evening. House approval is expected Friday morning.
AUDIO: Andrew Beckett reports (MP3 1:09)
White House estimate of impact on Wisconsin.
