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The latest stimulus update

From NBC's Ken Strickland
Here's the state of play at the moment ... more negotiations.

Everything seems to be revolving around the Nelson-Collins proposal to cut $100 billion from the stimulus bill and mustering enough Republican support to get the 60 votes needed to pass it.  

The Nelson-Collins gang presented their proposal to Majority Leader Harry Reid.  Reid has made a counter proposal to Republicans.

GOP Sens. Susan Collins and Arlen Specter will take Reid's offer to their Republican members so see if there's enough support to pass it.

That's where we are.