Washington, D.C. senators announced Saturday afternoon that an agreement had been reached on the $900 billion stimulus package and revitalization bill being actively pushed by U.S. President Barack Obama, but only with significant modifications.

President Obama has been actively calling to members of the checks-and-balances political establishment to speed the process of approval for this bill, saying that haste is of utmost importance in this economic “emergency,” going as alarmist as saying that Senate delays would be “inexcusable and irresponsible,” leading to a “catastrophe.”

Democrats say they will support the plan with an adjustment to be worth about $780 billion, rather than the original $900 billion, hoping to garner the required Republican support - cutting out some of the big spending plans.

The adjusted plan is comprised of 42 per cent ($327 billion) tax cuts, and 58 per cent ($452 billion) government spending said former Presidential candidate and current Democratic Senator John Kerry to Reuters.

At this point, it seems unlikely a pass of the $900 billion original bill would be possible with partisan politicking preventing the process from coming to an adequate conclusion.

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