Tonight, by a vote of 74 to 25 the U.S. Senate passed a comprehensive package which includes the financial rescue deal (the Emergency Economic Stabilization Act of 2008). The rescue provisions are the same ones considered and rejected by the U.S. House of Representatives on Monday by a vote of 205 to 228. The difference is that the Senate added provisions that would extend FDIC coverage to accounts worth $250,000 and the Senate version of the tax extenders bill. Now the question is whether the U.S. House of Representatives will pass this comprehensive rescue/tax extenders bill (H.R. 1424).

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