Senate to force House’s hand on bailout


  • Business
  • Wednesday, 01 Oct 2008

WASHINGTON: In a bold bid to revive President George W. Bush’s multibillion-dollar financial rescue plan, Senate leaders scheduled a vote for Wednesday night on a version of the bill that adds substantial tax cuts meant to appeal to Republicans when it reaches the House.

The goal is to net at least 12 more House votes than the rescue proposal received Monday, when lawmakers rocked the political and financial worlds by rejecting it.

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