Reid plans sprint to Memorial Day recess

Senate Majority Leader Harry Reid (D-Nev.) said he hopes to pass Wall Street reform by Thursday and move to a $59 billion emergency spending bill.

Reid told colleagues Wednesday the Senate needs to pass the emergency spending bill, which includes $33.5 billion to fund military operations, and a package of expiring provisions by the Memorial Day recess.

“I would really like to get the supplemental started tomorrow, and then we have the extenders that we have to do,” Reid said on the floor.

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“We have to do those things before we take the Memorial Day break,” Reid said.

Reid highlighted an extension of the research and development tax credit, included in the extenders package, that he said is crucial to businesses.

The Senate supplemental spending bill also includes $5.1 billion for the Federal Emergency Management Agency disaster relief fund, $6.2 billion for the State Department and foreign aid, and $13.4 billion for disability compensation to Vietnam War veterans.

Defense Secretary Robert Gates told lawmakers earlier this month that the additional military funding must pass by Memorial Day.