WASHINGTON - Congress is expected within the next two days to pass a $789 billion economic stimulus bill that contains all of the proposed muni bond initiatives, mostly at the larger authorization levels, as well as a new provision that would eliminate the alternative minimum tax for refundings of bonds that were issued during the last five years.

Although House and Senate conferees announced they had reached a deal on the bill Wednesday, details of the American Recovery and Reinvestment Act of 2009 did not emerge until late yesterday afternoon. While it was possible that voting would start on the bill last night, House members said it was more likely they would vote on it today and Senate members were considering a vote on Saturday.

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