That’s What He Said

Senate voting on $700bil “Rescue” Bill Today after House Bailout Bill Failed on Monday

Posted in Economy, Politics by wolfsbayne on October 1, 2008

A couple days after the 110 page Bailout bill failed passage in the House, the Senate is trying to pass their 451 page version of a Bailout bill. However, the Senate are adding several other bills to the old House Bailout bill, and are now calling it a “Rescue” bill.

Barack Obama addressed the Senate today and claimed that the economy might correct itself, but he still wants the $700bil the for which the Rescue bill calls. Meanwhile, McCain hasn’t been on the floor of the Senate, and he may not address the legislative body prior to their vote this evening.

One of the notable additions was the Tax Extender Bill, which was added at a cost of $100bil to the Rescue bill, and is not offset.

Review the bill below.

senate bailout bill – Get more Docstoc Buzz

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