On Wednesday night, the Senate passed 74-25 a financial bailout plan similar to one the House rejected earlier this week. Presidential candidates Sens. Barack Obama and John McCain voted in favor.
Following the vote, Senate Minority Leader Mitch McConnell, said, “This is a measure for Main Street, not Wall Street. [It will help] to unfreeze our credit markets and get the American economy working again.”
The House is expected to take up the Senate plan on Friday, and the plan is intended to attract more House Republican votes with the mention of tax cuts. If it passes, it would be one of the largest economic interventions since the Great Depression.
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