Wednesday, October 1, 2008
Senate Passes Bailout 74-25
The U.S. Senate has just passed a revised $700 billion "rescue" or "bailout" plan [Acrobat PDF, 712K]. The vote was 74-25, including "yes" votes from Senators Obama, Biden, McCain, and Clinton. Numerous "sweetener" provisions added to the bill were intended to ensure the lopsided Senate vote and to help garner the additional dozen or so votes needed in the House, expected to vote again Friday (after that chamber narrowly rejected a bailout Monday).
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