The Bailout: Senate Is Next

A vote is scheduled for Wednesday night on a modified Paulson plan, with tax breaks and more FDIC protection for depositors

After a seemingly quiet day in Washington—at least by the standards of recent weeks—the saga of the Treasury's stalled $700 billion rescue package for the financial sector took another surprising turn early on Tuesday evening. Senate leaders announced that rather than wait for another round of wrangling over the controversial plan in the House, they would hold a vote Wednesday night, Oct. 1, at 7:30 in hopes of bringing the bailout back to life.

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