Safe Mode: On
Bailout: Game on

NEW YORK ( -- The core of the Senate financial bailout bill is the Bush administration's plan to buy troubled assets from banks, but the proposal includes a number of new provisions aimed at Main Street.

The changes are intended to attract more votes in the House, which defeated an earlier version on Monday. In particular, they are designed to attract more House Republicans, two-thirds of whom voted no.

The Senate started debating Wednesday afternoon ahead of an evening vote. Republican presidential nominee Sen. John McCain, R-Ariz., and Democratic nominee Sen. Barack Obama, D-Ill., said they would be present.

The House is expected to vote on Friday, according to aides to Democratic leaders.

President Bush on Wednesday urged passage. "It's very important for members to take this bill very seriously," he said. "It's important to get credit flowing again."

The l


Added: Oct-1-2008 
By: rclark951
Tags: Bailout
Location: Washington, District of Columbia, United States (load item map)
Marked as: repost
Views: 9399 | Comments: 1 | Votes: 0 | Favorites: 0 | Shared: 0 | Updates: 0 | Times used in channels: 1
You need to be registered in order to add comments! Register HERE