Senate Majority Leader Harry Reid is expected to unveil a new economic stimulus plan Wednesday that takes its cue from proposals Barack Obama has introduced on the presidential campaign trail.
Aides to Reid, a Nevada Democrat, tell FOX News that the plan, to be unveiled Wednesday afternoon in Las Vegas, will incorporate all of the tax cuts and regulatory actions that Sen. Obama outlined Monday in a major policy address in Toledo, Ohio.
Democrats on the Senate Appropriations Committee had drafted a $60 billion stimulus bill before Congress left town in early October, but Reid's aides say the new bill instead will demonstrate the willingness of Senate Democrats to work with and follow the economic lead of the party's presidential nominee.
The bill is to be taken up during a lame-duck session of Congress to boost the economy before the new president takes office.
FOX News' Major Garrett contributed to this report.