From NBC's Ken Strickland
The bipartisan negotiators who've been working to cut at least $100 billion from the stimulus package have reached an agreement among themselves over how much to cut. The new cost of the package would be $780 billion -- down from more than $900 billion now.
Right now, Senate Majority Leader Reid is discussing this "tentative deal" with his Democratic members, hoping all of them will support it.
If so, the amendment will go to a floor for a vote, and likely pass.
THIS DOES NOT MEAN the package has passed the Senate. But it is a significant hurdle that dramatically lowers the cost of the bill and clears the way for final passage.
We still don't know when final passage will happen.