U.S. Senate Approves Bailout Bill

WJTV.COM
Wednesday, Oct 01, 2008 - 09:19 PM Updated: 09:34 PM

By a vote of 74 to 25 the U.S. Senate has approved the $700 billion bailout for the financial industry. The bill includes another $100 billion in tax breaks that was not included in the version the House voted down Monday.

Mississippi’s two senators voted against the bill. Senator Thad Cochran, who had not said how he would vote beforehand, voted against the measure. Senator Roger Wicker said he would go against the bill before Wednesday night’s vote. Coming up on News Channel 12 at 10 we’ll have more on the U.S. Senate’s vote.

Among there 74 senators voting for the bill were presidential nominees Barack Obama and John McCain. Vice presidential candidate Joe Biden also voted for the bill.

The U.S. House plans to vote on the revised plan Friday.

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Tags: 700 billion bailout, cochran and wicker oppose bill, cochran votes no, Economic Crisis, financial bailout, financial bailout package, financial crisis, financial industry, stabilization bill

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