Thursday, 2 October 2008

Senate Says Yes

Well the amended, adjusted Bail Out plan has now been approved 74-25 in the US Senate it is now heading off to congress to see if they will accept the latest amendments including tax breaks for families and businesses. Both Senators McCain and Obama returned to Washington again to cast their votes in favour.

The vote had neglible effect on the Asian and Australian markets overnight that are probably now waiting to see if the sceptics in the House of Representatives can be won over with these further concessions.

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