Economic Rescue Package Vote Set For Tomorrow
But this time it’s in the Senate.
Why is that important? Because they’ll vote overwhelmingly in favor of it and force the House Republicans into a situation where they are literally the last ones in line to stop the rescue.
Leaders of the Senate, where most members have indicated support for the bailout plan, said they would seek a vote on a revised rescue package Wednesday night.
The bill is expected include three provisions aimed at winning over House Republicans: a one-year increase in Federal Deposit Insurance Corporation caps for bank and credit-union accounts, extensions of numerous business tax breaks that have expired, and a fix to the “alternative minimum tax” for individual taxpayers.
Honestly, I wish they would have gone this route in the first place, but beggars can’t be choosers.
Meanwhile, in Europe…