Jack Lott's Blog – October 2008 Archive (22)

House members are getting another chance to vote on a financial rescue bill that has infuriated millions of voters after the Senate added tax cuts and other sweeteners and passed it handily. Senators passed the much-criticized measure in a 74-25 vote, sending it to the other side of the Capitol for a showdown vote expected tomorrow.



The SEC has extended an unprecedented ban against all short-selling in the shares of more than 800 financial companies, keeping it in place at least… Continue

House leaders believe progress is being made toward getting the $700 billion financial industry rescue bill through Congress, thanks partly to a provision increasing insurance for people's deposits. The plan was set for a Senate vote tonight after leaders agreed to add tax breaks for businesses and the middle class and increase deposit insurance in an attempt to revive the legislation rejected by the House. The vote is slated to take place at 7:30 p.m. (Eastern Time). Senators John McCain,… Continue