Wednesday, October 1, 2008

Senate votes on a revised bailout plan tonight

So, I got into work this morning and found out that the Senate will vote on a revised bailout plan tonight. This new plan will increase the amount that is currently insured by the FDIC, so that would be good. However, this new plan will include a package of business and energy tax breaks that the House of Representatives originally rejected. So now, even if the Senate passes this plan, the House might still reject it. We're just gonna see what happens today.

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