October 1, 2008
Senate to Vote of Financial Bailout Bill Tonight
The Senate plans to vote on the $700 billion financial rescue plan tonight. The bill adds provisions raising the FDIC cap increase (from $100,000 to $250,000 per account), creating and extending incentives for renewable energy and including a one-year patch of the Alternative Minimum Tax according to published reports in the Wall Street Journal, New York Times, CQ Politics, Open Congress and Politico (read, text of the Senate bill was not available from any of the usual suspects this morning).
- Check out the New York Times table and map about the Republican and Democratic representatives who voted against the $700 billion financial bailout plan.
- See also the CRS Report, The Cost of Government Financial Interventions, Past and Present (September 23, 2008)
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