News
Senate To Vote on Amended $700 Billion Bailout Crisis Bill on Wednesday
The U.S. Senate will vote on the $700 billion financial industry crisis bailout bill on Wednesday, two days after the bill failed in the House of Representatives.
The bill has added some revisions, which include an increase in the size of bank deposits insured by the Federal Deposit Insurance Corporation (FDIC) from $100,000 to $250,000.
The U.S. House voted against the bill 228-205. The Republicans were the bulk of the nay votes, earning twice as many nay votes as yay votes.
The bill, which is officially known as the The Emergency Economic Stabilization Act of 2008, was proposed by Treasury Secretary Henry Paulson and Federal Reserve Chair Ben Bernanke, and was also backed by President George W. Bush.
President Bush has made a nationally televised speech and met with congressional leaders, including Sen. Barack Obama and Sen. John McCain, the two main presidential candidates, at the White House in an effort to round up votes to pass the legislation.
In addition, a letter was written to Congress by more than 50 business trade groups to urge the Senate and House to pass the bill in order to "to prevent a meltdown" of the country's capital markets.
National Association of Manufacturers, the American Banking Association and the National Association of Realtors are amongst the groups that signed the letter.
Click here for more Political News on YourFindit
About YourFindit
YourFindit Community is a music, business and social networking community. It caters to individuals providing them with a wealth of tools that enable them to create their own web site within YourFindit and display their content. Members can create free profiles that include an About Me, Background and Lifestyle, Videos, Music, Blogs, Photos, their unique URL and network with other members inside the community. YourFindit provides each member the opportunity to reserve an exclusive profile displaying only ads they upload on their pages. Members have the right to sell their advertising space to advertisers.
To create your profile sign up and within minutes you too can have your People profile running your ads and building your network with new members daily. Sign up and create your YourFindit profile where your space is really Your Space
YourFindit is owned and operated by TransWorldNews, Inc.
Join the social networking community, YourFindit, and create your profile
More News
Kathy Griffin Wants To See A Female President In Her Lifetime
Kathy Griffin Wants To See A Female President In Her Lifetime
Released On: 7/26/2019
Views: 2073
California To Become First State To Extend Health Benefits To Some Illegal Immigrants
California To Become First State To Extend Health Benefits To Some Illegal Immigrants
Released On: 6/10/2019
Views: 2027
First Lady Melania Trump Criticized For Leaving Sunglasses On During D-Day Ceremony
First Lady Melania Trump Criticized For Leaving Sunglasses On During D-Day Ceremony
Released On: 6/7/2019
Views: 2169
Donald Trump's Cabinet List Continues To Expand
Released On: 12/14/2016
Views: 7524
Donald Trump Faces A Turning Point In His Presidential Bid
Released On: 10/13/2016
Views: 6930
The Clear and Present Danger is Upon us Now
General David E. Quantock, the Commanding General of the U.S. Army Criminal Investigation Command (CID) in his official capacity as Provost Marshal General
Released On: 7/13/2013
Views: 10566
President Barack Obama Secures Re-Election Bid With More Than 300 Electoral Votes
The presidential election closed last night with incumbent Barack Obama defeating Republican challenger Mitt Romney. As of Wednesday morning, President Obama had secured his re-election bid with 303 electoral votes, a number well over the minimum ...
Released On: 11/8/2012
Views: 7442
LORD CHRISTOPHER MONCKTON AND AUTHOR, TOM BALLANTYNE TO SPEAK IN VENTURA COUNTY
MOORPARK, CALIFORNIA, WEDNESDAY, MAY 30, 6:30 P.M. — Lord Christopher Monckton and author, Tom Ballantyne, have teamed up to speak at this special event. They will be discussing the eligibility issue, specific concerns about the man who calls him ...
Released On: 5/29/2012
Views: 8044
Donald Trump Announces He Will Not Run For President
Donald Trump announced Monday that he will not run for president in 2012. The real estate mogul and reality show host cited his love for business as the reason behind his decision.
Released On: 5/17/2011
Views: 10509
President Obama Releases Birth Certificate, Donald Trump Takes Credit
President Obama Releases Birth Certificate, Donald Trump Takes Credit
Released On: 4/27/2011
Views: 8692
Donald Trump “Seriously” Considering Running For President
Donald Trump “Seriously” Considering Running For President
Released On: 2/11/2011
Views: 7449
November 2 Election Results for Arizona Governor and Senate
November 2 Election Results for Arizona Governor and Senate
Released On: 11/4/2010
Views: 14095
November 2 Election Results For Alabama Governor and Senate
November 2 Election Results For Alabama Governor and Senate
Released On: 11/4/2010
Views: 7927
Sen. John McCain to Block National Intelligence Director Nomination
Sen. John McCain to Block National Intelligence Director Nomination
Released On: 8/3/2010
Views: 4338
Rep. Maxine Waters (D-CA) Charged with Ethics Violations
Rep. Maxine Waters (D-CA) Charged with Ethics Violations
Released On: 8/3/2010
Views: 3977
President Barack Obama Signs Financial Reform Bill into Law
President Barack Obama Signs Financial Reform Bill into Law
Released On: 7/22/2010
Views: 8054
President Barack Obama to Meet with Relatives of Workers Killed in Deepwater Horizon Oil Rig Explosion
President Barack Obama to Meet with Relatives of Workers Killed in Deepwater Horizon Oil Rig Explosion
Released On: 6/11/2010
Views: 8938
Helen Thomas, Longtime White House Correspondent, Retires Following Criticism Over Recent Remarks Caught on Video
Helen Thomas, Longtime White House Correspondent, Retires Following Criticism Over Recent Remarks Caught on Video
Released On: 6/8/2010
Views: 7818
