BILL HEMMER, CNN ANCHOR: Up to Capitol Hill quickly, Jonathan Karl tracking the latest that we just told you about about that economic stimulus plan, now pretty much dead in the water on both sides, huh, Jon?</s>JONATHAN KARL, CNN CONGRESSIONAL CORRESPONDENT: Yes, actually officially dead in the water. The Senate just voted on both the Republican and Democratic plans to get the economy moving again. The plans needed 60 votes. The Democrats got 56, so coming just four votes short of what they needed. The Republicans fell shorter than that. They only got 48 votes for their plan. But, Bill, what this means is there will be no economic stimulus plan. This is something that the president has said was needed to save 300,000 jobs in the U.S. and something Democrats had also wanted but both failing to get the support they need. And these had been radically scaled back from what both sides originally wanted. Essentially, the Democrats were looking to extend unemployment benefits, provide some business tax credits to encourage companies to buy equipment and also provide some money for states to help buy health insurance for unemployed workers. The Republicans wanted some more tax credits and also the extension of unemployment benefits. Neither side getting it. Now one thing that may happen though, Bill, still being discussed right now on the Senate floor is possibly a simple, 13-week extension of unemployment benefits, but that is a far cry from what both sides had been looking for. This is something that, as you know, we have been talking about since last year, but took a big beating when Alan Greenspan said the economy is recovering on its own and this might not be necessary. He said that about two weeks ago.</s>HEMMER: Jonathan, thank you. An election year certainly that is going to be interesting, the fallout from this. Keep us posted. Jonathan Karl there on Capitol Hill.
Congress Kills Economic Stimulus Package