Judiciary Report - Senate Vote Date On Bailout Bill Still Uncertain

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Senate Vote Date On Bailout Bill Still Uncertain

Candidates To Be In Washington For Bill Vote

October 1. 2008

Democratic U.S. Senators

Congress is still debating back and forth, not reaching a date to vote on the $700 billion dollar bailout bill. First, the public was told it would be today. Then it was announced it could be Friday.

Republican John Boehner

It’s amazing that it is taking this long, but I do share the reservations of some of the senators that voted against it (even though some of them are more worried about reelection).

Henry Paulson

In my view, until they can distribute the money through the right channels, where it is most needed and best suited and account for every penny of that cash, with a clear, concise account reporting, freely furnished to the American people, the deal will be the equivalent of flushing money down the toilet.

The candidates in the 2008 U.S. presidential election have vowed to be there as well to cast their vote.

Language was also worked into the bill that would provide mental health assistance to those that need it. President Bush and folks in Hollywood like Sharon “Botox the kid’s feet” Stone, Britney “Baby Biter” Spears and Madonna A/K/A Gollum’s crazy long lost twin, might want to take the insurance companies up on that offer.

Senate Sets Bank-Rescue Vote, House May Act Friday (Update3)

Oct. 1 (Bloomberg) -- The Democratic and Republican leaders of the U.S. Senate predicted that a $700 billion financial-rescue package would win approval tonight and urged opponents in the House to drop their objections to the bill.

``There are a few people in the House who would rather we did this some other way,'' said Senate Majority Leader Harry Reid, a Nevada Democrat. ``We've tried other ways. We've got to get this done.'' Minority Leader Mitch McConnell, a Kentucky Republican, forecast ``victory'' and urged the House to take up the measure, which is designed to end a credit crunch and restore confidence in the nation's banking system.

http://www.bloomberg.com

Bailout with 'sweeteners' heads toward Senate win

Besides Obama and McCain, Democratic vice presidential nominee Joe Biden was voting on the Senate bill.

Other provisions added by the Senate include a measure to require large companies' health plans to give equal treatment to mental health or addiction if they cover such illnesses. The House and Senate have passed similar "mental health parity" measures, but none has gone to Bush for his signature.

http://apnews.myway.com

Candidates Leave Campaign Trail, Head to DC for Bailout Vote

The Senate is poised to pass a revised Wall Street bailout bill tonight, but amendments to the controversial measure may raise the anger of some House Democrats and imperil its chances of approval in the House for the second time this week.

Sens. Barack Obama and John McCain on the left and right with a center picture of the U.S. Capitol in Washington, where the Senate will vote on the economic recovery package or bailout.

Senate Majority Leader Harry Reid, D-Nev., pressed for passage, with the alarming news that one of the country's premier insurance companies was about to go bankrupt if the crisis was not quickly resolved.

"We don't have a lot of leeway on time," Reid told reporters in the Capitol. "One of the individuals in the caucus today talked about a major insurance company -- a major insurance company -- one with a name that everyone knows that's on the verge of going bankrupt. That's what this is all about."

http://abcnews.go.com