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It’s happening again

Senate Democrats blocked a $1.8 trillion stimulus plan on Sunday, preventing the largest such bill in American history from advancing in the chamber. It was an “eerie echo” of 2008, the NYT reports, when House Republicans initially blocked a Wall Street bailout bill.

Negotiations continue, as the market falls (again). Democrats are pushing for more protections of unemployed workers and stricter conditions attached to corporate rescue funds. Senator Elizabeth Warren called a $500 billion fund to bail out airlines and other unspecified sectors a “slush fund.”

• Despite the rancor, senators from both sides suggested that an agreement was close, with another vote likely later today. Then it will take time to reconcile a Senate agreement with a House bill.