Senate passes bank bailout package

The Senate passed its version of a mammoth plan to rescue the financial services industry Wednesday night, saying changes designed to protect individual investors and small business owners could be enough to persuade reluctant House members to go along with the plan.

Senators agreed to the plan 74-25 as an amendment to an unrelated bill, which was passed shortly thereafter.

Treasury Secretary Henry Paulson, who put together the original ... Full Story »

Posted by Ezra Fox
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Subjects: U.S., Business
Topics: U.S. Economy
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Posted by: Posted by Ezra Fox - Oct 1, 2008 - 10:25 PM PDT
Reviewed by: Ezra Fox (review), Fabrice Florin 3-deleted-10122 (review), Derek Hawkins (review)
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Edited by: Fabrice Florin - Oct 2, 2008 - 9:35 AM PDT

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  • Bailout drama shifts back to House - and its speaker

    () WASHINGTON -- Now Nancy Pelosi will get a second chance. After the Senate voted 74-25 Wednesday night to approve a historic $700 billion bailout of the nation's financial ...
    Posted by Fabrice Florin 3-deleted-10122