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Senate sets vote Wednesday on financial bailout - Reuters

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steve2470 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 02:45 AM
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Senate sets vote Wednesday on financial bailout - Reuters
http://www.reuters.com/article/vcCandidateFeed2/idUSTRE48T8UP20081001

WASHINGTON (Reuters) - The U.S. Senate agreed to vote on Wednesday nigh on a $700 billion financial rescue package that will include a sharp increase in the amount of bank deposits insured by the FDIC, but also includes a package of tax breaks the House of Representatives has rejected.

Senate Democratic leader Harry Reid received unanimous consent from the Senate on Tuesday to schedule the vote on the revised package the White House says is needed to avoid a broad economic downturn.

The rescue plan, which would allow the Treasury Department to buy problem mortgage-related assets from banks, had been the main hope for government action to unlock credit markets and head off a deeper economic downturn in the United States and abroad.

But Senate leaders attached the measure to a package to extend business and energy tax breaks that a number of House Democrats have opposed, which could imperil votes there after Monday's narrow defeat of the original bill.

more at link above, I'll try to find the exact time
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steve2470 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 03:21 AM
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1. cannot find a time yet anywhere
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DCBob Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Oct-01-08 03:26 AM
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2. The vote is scheduled for after sundown, in observance of Rosh Hashanah.
No set time yet.
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