In what is shaping up to be yet another historic vote, presidential candidates Barack Obama and John McCain will return to Washington for a late Wednesday night vote.
But unlike the tumultuous House vote, the Senate roll call is expected to go more smoothly. While nothing is a slam dunk at this point, there is an expectation on both sides of the aisle that the bailout could receive 60 votes in the Senate, enough to overcome any potential filibuster.
The decision to hold this vote Wednesday in the Senate comes after Minority Leader Mitch McConnell (R-Ky.) spent much of the day pressuring the Senate Democrats to put the bill on the schedule. Late Tuesday, Majority Leader Harry Reid (D-Nev.) relented and agreed to schedule the vote after sundown on Wednesday, when Rosh Hashana ends.
“The voters sent us here to respond to crises, not to ignore them," McConnell said. "And if you fail the first time, you get back up, and you work with each other.” Read Article Here.
Not sure if I support this new legislation. It added tax breaks for businesses and does not pay for revenue increases. I think that we should stop giving business so many tax breaks, especially the ones that we have to bailout.
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