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.
Obama has one of the weakest voting records in office, I expect him to wait for McCain's vote before casting his own.
With this being such a monumental moment in history perhaps Mr McCain should take Sarah out of speech school and take her along so she can see how government (maybe) works.
Democrat for John McCain
What makes you more of an expert than Obama? And what does sikcne mean? Learn to spell or proof read before you spew your venom.
I have a feeling, the GOP, McCain and the House Republicans are setting Obama and the Democrats up. This bill is unpopular with the American public, I think who ever votes for this will lose the presidency.
I think McCain will flip flop when its time to vote. This is their plan.
During the first Presidential debate, I noticed bi-partisanship in action.
1. Obama: “John you were right…”
This shows that Obama is admitting that he does not have all the answers and is willing to listen to all sides of an issue before making a final decision. This is a very good trait to have in a President that wants to represent ALL of America.
The McCain camp actually ran ads ridiculing Obama for his bi-partisanship. McCain would not even acknowledge Obama when Obama was talking directly to him. He appeared bothered and angry that he had to waste his valuable time explaining himself to Obama. McCain’s disdain for Obama was apparent in his demeaning and snide comment stating Obama being so far to the left that it was hard to reach across the aisle in a bi-partisanship manner. McCain came across as a small-minded, petty, angry and bitter old man. Not good traits in anyone, but certainly not in a man vying to be the President of the UNITED States.
2. McCain: “Senator Obama does not understand…”.
It was obvious that the contrary was true, Obama did indeed understand, what McCain obviously meant was that Obama did not understand issues the same way McCain does, which is obviously the ONLY correct way in his mind.
McCain claims that as a “maverick” he likes to make quick decisions and then live with the consequence. We are looking to future, and want to see how McCain would interact with Obama, Congress and the citizens, we do not want some old story line where in the past you did this with that Democrat and that with this Democrat. Your current demeanor speaks volumes as to your ability to be “bi-partisan” in the futures.
Question to America:
Do you want to place the future in the hands of a man that makes quick, erratic decisions without research and have the consequences affect the lives of your children?
Who cares if its a holiday in another country.Next thing you know and we wont have a vote on groundhogs day.
Hey Democrat for McBush – all you're showing is what an idiot you are! Get lost along with your idiot candidate! W and McBush have already ruined this country – we don't need to give them 4 more years to make it worse!
The one person who I would trust on this matter is Paul Volker. Whatever he says is enough for me
Democrat for John McCain, go take a nap with april John McCain has not voted since March. YOU ARE THE RACIST AND LOW INFO VOTERS THAT VOTED IN BUSH. Do us real dem a favor and change your registration to REPUBLICAN because no democrat no good one atleast would EVER vote for McCain.
4000 un neccessary dead Americans is'nt enough for you, you people would much rarther another family lose their son or daghter than vote for the black guy. please get a life.
Monkey see monkey do. obama see's McCain he has to follow. Doesn't any one see the pattern first he followed everything Hillary did now he has to follow everything that McCain does.Who is going to be his leader if he wins the office. I am afraid to know.
Democrat for John McCain, you are a real tool. No true democrat votes for a Republican in these times of suffering, you are a just a Rethugnican shill, get lost yourself. Besides, idiot, you can NOT vote "present" to this bill in DC, you have to vote either YEA, NEA, or NV..such a brainless idiot spewing crap because Hillary lost. President Elect Obama will be sworn in when January 2009 comes so GET USED TO IT.
Excuse me "Democrat" but you just pulled all that commentary out of your as...er, hat. It is just an empty rant, with as much substance as anything your hero has said (and then not said, but then actually said, but not like that, like this, but don't quote him unless it reflects favorably upon him). In other words, nothing. And, really, when do you get tired of being so angry? That's all we need, a free-wheeling, angry President who does not understand anything about the realities of world and domestic policies. An empty suit for empty heads.
McCain didn't "suspend" his campaign because he can't multi-task? I'm SHOCKED!
And Democrat, what exactly is McCain coming to Washington to do? He has not voted since APRIL and has voted against veteran's benefits, and against regulation of the financial sector. He couldn't even rally his own party to support their President in this.
Media pro-Obama? Do you not remember Rev. Wright a few months ago? Remember the media looking into his background, his education, his work in Chicago? Obama has a law degree and is very smart on many topics. But haters will never allow themselves to admit that the man is a lot more than a suit. He has great ideas to return this country to some semblance of balance and respectability.
The only reason the media appears to be pro-Obama now is that McCain and his ridiculous choice for VP and the whole party, seem to be imploding. If you listened to McCain today, he simply repeated Obama's early morning press release about raising the FDIC guarantee, a good economic move for small business. Then McCain said he wasn't going to point any fingers, and at the same instant two of his ads appeared blaming the mess on Obama. How you can continue to support the mixed up messages of John McCain is beyond me,,,but it is (once we get Bush out of office) a free country.
Barack Obama, you will never read any of these emails but we get a chance to "get it said". Where is your fire? Your killer instinct? The fire in the belly, that they speak of? Wipe the floor with that two bit gambler the next two times and send him home "folded".
Imagine that...Barack Obama ACTUALLY casting a vote in the U.S. Senate. This is one to remember folks, as it's a rarity see Obama take an active role in the Senate even though that's what he was elected to do by the people of Illinois. It's refreshing to see him take a break from his years of prepping and now actually running for President during his ONE term as a U.S. senator to acknowledge that he has actual responsibilites. WOW.
Chuck, the markets nearly recovered all the losses from yesterday. I think Bush is crying "wolf" to turn the attention away from McCain's falling polls, and the threat of impeachment. This is not a do or die situation, and the solution should come from the bottom up, not the top down, because it will never reach the people we should be helping.
The bailout aside... I am truly surprised by the Mental Health parity. It is about time.
There is no such thing as a democrat for McCain. No democrat could be that stupid.
BTW, John McCain has not voted in the Senate since April.
That is how seriously he takes his job. That is how seriously he cares about America.
As he said himself, he just wants to be President, he does not care about the country. That is why he can talk out of both sides of his mouth at the same time (saying Obama sabotaged the bailout but that now is not a time to point fingers – in the very next sentence).
While John McCain has been running his mouth about how great he is and how he is going to save the banking world for all of us, Senator Obama has been speaking to groups all over the country explaining the financial problems we are having and how they can be fixed. Unlike John McBush, Senator Obama knows how to multitask. He knows how to use the phone to call for progress reports or to give a suggestion or two. He also knows how to ask questions of and get directions from knowledgable people who have vast experiance in the world of finance. He has a good anilitical brain and he can figure out which direction to take this country WHEN he becomes president. As of right now Senator Obama realizes he is NOT the president,( unlike John McCain who is acting like he is) and Senator Obama is leaving it up to the leaders of the party to make the decision as to what path to take unlike John McCain, who went charging into Washington in his white jet and when things didn't go his way, had to slink out and do the very thing he was trying to get out of....... Debate Barak Obama.
We need Defazio's bill. Please, no bailout for Wall St. big shots. Call your representative and Senator. Tell them to vote for Defazio's bill, the "No BAILOUTS Act".
Why a comment should be reviewed by CNN? Any comment should be posted as it is, so we'll know what really people's thinking, ??? Where is freedom of speech? This country is runing only by politics not by the people, very sad! Why should I write whay I really think if CNN is going to reviewed and maybe do not posted. Wasted of time and energy. What a shame!
Come on Obama, git 'er done. Goodness knows McCain is completely clueless so it's up to you. And don't we love Sarah Palin? She's the gift to the Democratic party that keeps on giving. Thanks McCain!
There are less painfull alternatives to this bailout. Congress needs to listen up! Congress and the Clinton administration played where they didn't belong. "Oops , we brokes moms good china"
John, Obama buddies, you listening? Washingto belongs to us, give it back!