AFP - US senators passed a new 700-billion-dollar bailout of the debt-stricken financial system but failed to lift Wall Street's gloom Thursday while Europe appeared divided over how to battle the crisis.
Bloomberg - Oct. 2 (Bloomberg) -- The U.S. Senate passed a $700 billion
financial-market rescue package loaded with inducements for the
House of Representatives to approve the measure following its
rejection of an earlier version. -- read full article
Thu, 02 Oct 2008 12:24:56 GMT - Yahoo! News: U.S. Congress News
AP - President Bush says "a lot of people are watching" the House as it considers financial rescue legislation and says lawmakers must listen to voices urging passage.
Reuters - President George W. Bush on Thursday said the $700 billion financial bailout legislation before the House of Representatives was the best chance for easing the current credit crisis.
Reuters - The Senate late on Wednesday approved legislation extending billions of dollars in tax credits for the solar, wind and biodiesel industries as part of a $700 billion rescue plan for Wall Street.
Bloomberg - Oct. 2 (Bloomberg) -- Some House Republicans, who were
instrumental in defeating a financial-market rescue package
earlier this week, are reconsidering their votes amid signs the
crisis on Wall Street is spreading throughout the country. -- read full article
Thu, 02 Oct 2008 17:35:40 GMT - Yahoo! News: U.S. Congress News
Politico - Senate Majority Leader Harry Reid is stepping back from a claim he made Wednesday that a major insurance company is on the “verge of going bankrupt.” -- read full article
Thu, 02 Oct 2008 17:42:00 GMT - Yahoo! News: U.S. Congress News
AFP - US senators Thursday sent a sweetened 700-billion-dollar Wall Street bailout back to the House of Representatives, feverishly working to convince the last holdouts to back the bill.
AFP - US President George W. Bush on Thursday urged the House of Representatives to follow the Senate's lead and approve a massive economic rescue package, warning "people's jobs are in jeopardy."
CQPolitics.com - House Majority Leader Steny H. Hoyer, D-Md., said leaders of both parties are working hard to pass revised financial bailout legislation Friday. But he warned he will not call up the bill until that outcome is assured. -- read full article
Thu, 02 Oct 2008 18:15:17 GMT - Yahoo! News: U.S. Congress News
AP - President Bush and congressional leaders lobbied furiously Thursday for enough House support to push the troubled $700 billion financial industry bailout bill to the finish line, and the measure won converts from both parties on the eve of a showdown vote.
AP - Bit by bit, lawmaker by lawmaker, forces in favor of the massive financial rescue plan that was rejected just days ago are turning around the tide of opinion in Congress.
AP - The government's high-profile prosecution of Sen. Ted Stevens appeared in jeopardy Thursday after his lawyers persuaded a judge to suspend the senator's corruption trial for the day and consider throwing out the charges.
Reuters - House Majority Leader Steny Hoyer on Thursday said he saw a good chance that the $700 billion financial industry bailout bill passed by the Senate will clear the House of Representatives this week.
AFP - The US Senate girded for a crucial vote Wednesday on a revised 700-billion-dollar financial rescue package as Europe struggled with its own banking crisis and global markets remained on edge.
