In rescue, Senate turns up the heat
In rescue, Senate turns up the heat

By The Associated Press
Published: October 1, 2008

A day after an emergency financial rescue plan collapsed in the House of Representatives, the Senate scheduled a vote today on an amended financial rescue plan that includes:

Featured Gallery

 

Advertisement

→Tax cuts for businesses and renewable energy.

→A higher ceiling on bank deposit insurance.

→A fix to the alternative minimum income tax that forces millions of Americans to pay higher individual income taxes.

Money bills ordinarily originate in the House. The Senate's plan to act first is likely to add to the pressure on the House to approve the measure, or else shoulder all the blame for refusing to do so.


Toolbar sponsored by: David Stanley Ford
Bookmark and Share

Related Topics: U.S. Government, Domestic Policy, Political Policy, Politics, U.S. Politics, U.S. Congressional News, Economic Policy, Tax Policy


Your thoughts!

Thank you for joining our conversations on NewsOK.com. We encourage your discussions but ask that you stay within the bounds of our terms and conditions. Please help us by reporting comments that violate these guidelines. To review our rules of engagement, go to Commenting and posting policy.

Editor's note: It is not our intent to offer comments on local crime or fatality stories.

Leave a comment

Log in below or sign up (it's free).





I read that McBush had said 'we' should call it a rescue rather than a bailout. The Joklahoman is just following their cue...
Kevin, Oklahoma City - Oct 2, 2008 at 1:00 pm
Oh, so now the Oklahoman calls it a "rescue" instead of a "bailout". I think we are being "marketed".
stinkerpants, Oklahoma City - Oct 1, 2008 at 8:38 am