Business

Economic Rescue Package Vote Set For Tomorrow

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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.

From Wash Post:

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…