Cranberry Coffee Cake

1 8 ounce package cream cheese, softened
1 cup butter
1 1/2 cups sugar
1 1/2 teaspoons vanilla
4 eggs, beaten
2 1/4 cups flour, divided
1 1/2 teaspoons baking powder
1/2 teaspoon salt
2 cups fresh or frozen cranberries
1/2 cup chopped pecans or walnuts

1.  Beat cream cheese, butter, sugar, and vanilla until smooth.  Add eggs to creamed mixture.
2.  Sift together 2 cups flour, baking powder and salt.
3.  Combine with the creamed mixture.
4.  Combine remaining flour with cranberries and nuts.  Fold into batter (mixture will be thick).
5.  Spoon batter into greased and floured bundt pan.
6.  Bake at 350 for 60-65 minutes or until done.
7.  Let stand 5 minutes before removing from pan.  Cool on a wire rack.
8.  Before serving, dust with powdered sugar.