WASHINGTON - President-elect Barack Obama and congressional Democrats have conceded that an economic recovery bill containing $310 billion of tax cuts and $465 billion of spending may not be ready until early February, while Senate Finance Committee leaders prepare to vote on the tax portion of the bill as early as next week, sources said.

"We are going to do most of this work this month," Obama said yesterday between meetings with congressional leaders on the stimulus bill. "We expect that by the end of January or the first week of February, we will have gotten the bulk of this done."

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