Senate Schedules Vote Wednesday on Bailout Bill
- Associated Press
- Sep 30, 2008
WASHINGTON — As the House of Representatives picks up the pieces of its defeated economic bailout bill, the Senate has scheduled a vote Wednesday evening on a deal that includes an increase in the federal deposit insurance limit.
The news of a Senate vote came Tuesday night after congressional leaders spent the day scrambling to find out what changes are needed to get the $700 billion rescue plan approved.
The House's vote Monday defeating the bailout bill sent shockwaves through Wall Street and world markets. The Senate's version adds tax legislation — including a set of popular business tax breaks.
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