The Obama administration on Tuesday night may have thrown a monkey wrench into Senate Democratic plans to pass what they see as a jobs bill -- by implying the bill spends too much money.

In a Statement of Administration Policy, the White House said it supports the broad goals of the bill.

"However, the bill would authorize spending levels higher than those requested by the President's Budget, and the Administration believes that the need for smart investments that help America win the future must be balanced with the need to control spending and reduce the deficit," the administration said.

The Economic Development Revitalization Act, S. 782, would expand the reach of the Public Works and Economic Development...