- RollCall.com: “Senate Majority Leader Harry Reid (D-Nev.) set up a vote on a Wall Street rescue plan for Wednesday night. The $700 billion package to buy up troubled mortgages will include tax-extender legislation and a $150,000 increase on the amount of deposits the Federal Deposit Insurance Corp. insures. Don Stewart, spokesman for Senate Minority Leader Mitch McConnell (R-Ky.), sent out an alert saying the measure would be subject to a filibuster-proof, 60-vote threshold.”
- New York Times: Senate to Vote Wednesday on Bailout Plan: “The Senate tax bill would cost more than $100 billion and extend and expand many individual and business tax breaks, including tax credits for the production and use of renewable energy sources, like solar energy and wind power. The bill would also extend the business tax credit for research and development, expand the child tax credit, protect millions of families from the alternative minimum tax, and provide tax relief to victims of recent floods, tornadoes and severe storms.”
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