Social Issues

Senate Passes Bailout Proposal; House Vote Up Next 

A revised version of the rescue bill passed a Senate vote late Wednesday evening, with 74 lawmakers approving the package in a roll call vote; 25 voted against. The new bailout package, however, isn’t all that new: it includes tax breaks for businesses and an increased limit on government-insured bank deposits, as new wrinkles that key lawmakers hope will drive enough support to pass the package. But the core provisions tied to a financial bailout, the provisions that led House members to revolt on Monday and reject the plan, remain in place.