Newsome reveals plan to cut $7M

State Ports Authority Chief Executive Officer Jim Newsome has announced a cost-cutting plan.


WASHINGTON -- Amid some dissent, House and Senate leaders prepared for final votes today on an economic package worth more than $150 billion that would extend a payroll tax holiday and unemployment benefits for the rest of the year.

While Senate Republicans protested, the remaining members of a House-Senate committee tasked with forging a compromise pronounced themselves satisfied with the deal, signing the 270-page measure on Thursday afternoon in a bipartisan ceremony that stood in sharp contrast to the otherwise bitterly partisan tone of this Congress.

Key congressional leaders endorsed the plan, providing optimism that would clear the House by midday today but setting up a potential cliffhanger vote in the Senate later in the day.