Jump directly to the content

Senate passes bailout bill

John McCain, Barack Obama, and Joe Biden voted with 71 senators to pass the $700 billion bailout bill that would allow the government to buy troubled securities, The New York Times reports.

The bill included $150 billion in tax breaks for individuals and businesses and increased the amount covered by the Federal Deposit Insurance Corporation from $100,000 to $250,000. The bill was also attached to legislation requiring insurers to treat mental health conditions similar to general health problems, The Times reports. The House is expected to vote Friday.

Related Topics:Politics
Posted:October 1, 2008 at 8:58PM
Gleanings aggregates what others are reporting. Learn more.
Recent Posts
More Martyrs: ISIS Executes Dozens of Ethiopian Christians in Libya
Propaganda video released the same day Justin Welby arrives in Cairo to honor the previous 21 victims.
Muslim Migrants Throw Christians Overboard into Mediterranean
Religion involved for first time in common yet deadly sea crossings from Africa to Italy.
Died: Billy Ray Hearn, CCM Pioneer Who Discovered Amy Grant, Keith Green, and Steven Curtis Chapman
Michael Card, Twila Paris, and other stars of contemporary Christian music pay tribute to Sparrow Records founder.
Having Gay Friends Changes Evangelicals' Minds on Marriage, But Not Morality
LifeWay looks at how many support legal same-sex unions they view as sinful.
Christianity Today
Senate passes bailout bill