October 2008

Now, the Senate. The latest rescue package will be debated today and voted on in the Senate tonight.   Key tax concessions and extenders aimed at the consumer make this legislation more likely to pass.  The Senate has been working to get these tax break extenders enacted and the upper chamber sees the perfect opportunity to get take care of that by attaching it to this bill.   The entire ... read more

The Senate is set to vote later today on the new "rescue plan/bailout bill" (or whatever one wants to call it).   This thing is a doozy. Despite assurance by New York Senator Chuck Schumer that it wouldn't be "christmas tree'd" (adding all kinds of unrelated things to pretty it up) that's exactly what looks to be happening. This bill, which has to be attached to a ... read more