Senate to vote on $700B bailout

October 01, 2008 10:25AM

Senate leaders will vote on another revision of the $700 billion financial bailout plan today after accepting tax breaks and a higher limit for insured bank deposits in a bid to win approval from the House of Representatives. They hope to send the legislation to President George Bush by the end of the week for final approval. Top lawmakers said the new Senate proposal would include tax breaks for businesses and alternative energy and higher government insurance for bank deposits.

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