September 30, 2008
Posted: September 30th, 2008 08:15 PM ET
WASHINGTON (CNN) – The Senate plans to vote on the $700 billion bank rescue plan Wednesday evening - two days after the House failed to pass it. The bill adds provisions - include raising the FDIC insurance cap from $100,000 to $250,000 - and will be attached to an existing revenue bill that the House also rejected Monday, according to several Democratic leadership aides. The vote is scheduled for after sundown, in observance of the Jewish holiday. Republican presidential nominee John McCain and Democratic nominee Barack Obama and his running mate Joe Biden confirmed that they would be present for the vote. The bill also includes a "Mental Health Parity" provision, which would require health insurance companies to cover mental illness at parity with physical illness. Democratic sources told CNN that they expect bipartisan support for the bill. Because tax bill must originate in the House, the Senate is attaching the rescue plan to a bill that deals with renewable energy tax incentives. This would allow the Senate to vote before the House to approve a bailout bill. Filed under: Economy |
The latest political news from CNN's Best Political Team, with campaign coverage, 24-7. Sign up for our twice daily Ticker emails. Got a news tip or feedback? For complete political coverage, bookmark CNNPolitics.com. CNN=Politics Screensaver
New in the Ticker
@PrestonCNN: #FF @brianstelter, @NYT_JenPreston, @mediaite, @MysteryPollster
Updated: Fri, 27 Nov 2009 20:53:30 -0800 @wolfblitzercnn: Wizards beat Heat. That's two in a row. We need more. Earl Boykins is a real spark. Also glad Mike Dunleavy is back playing for Pacers.
Updated: Fri, 27 Nov 2009 18:45:40 -0800 @wolfblitzercnn: These White House State Dinner crashers ensure that security for thousands at upcoming holiday receptions at White House will be intense.
Updated: Fri, 27 Nov 2009 13:53:42 -0800 @CNNPolitics: Christmas season kicks off at the White House. http://bit.ly/5BLWNG
Updated: Fri, 27 Nov 2009 13:48:23 -0800 @PrestonCNN: RT @cnnbrk Dow falls 193 points in early trading. Wall Street shaken by Dubai woes. http://bit.ly/92VGAo
Updated: Fri, 27 Nov 2009 07:19:45 -0800 Categories
Archive
Popular Posts
|
Loading weather data ...