19 of 33
BACKNEXT
Wednesday, Oct. 1 - The first hurdle
Wednesday, Oct. 1 - The first hurdle
Senate Majority Leader Harry Reid, D-NV, center, speaks alongside Sen. Chris Dodd, D-CT (L), Sen. Max Baucus, R-MT.,(2nd-L), Sen. Judd Gregg, R-NM, (2nd-R) and Senate Minority Leader Mitch McConnell, R-K, at a press conference following the Senate's vote on the financial sector bailout legislation.
With credit market gauges showing historically tight lending, investors again were fearful that the government's financial rescue plan would not make it through a widely anticipated Senate vote.

But lawmakers came through Wednesday night, as the Senate passed a modified version of the bill that the House of Representatives rejected on Monday.

The Senate version included a number of new provisions aimed at Main Street, and intended to attract more votes from House Republicans, two-thirds of whom voted against the initial bailout plan. The modifications include temporarily raising the FDIC insurance cap to $250,000 from $100,000, extending renewable energy tax breaks and another year of relief from the Alternative Minimum Tax.

The revised measure was passed by a vote of 74 to 25 after more than three hours of floor debate in the Senate. Presidential nominees Sens. Barack Obama, D-Ill., and John McCain, R-Ariz., voted in favor.

NEXT: Thursday, Oct. 2 - Wait and see
Last updated September 14 2009: 2:19 PM ET
Email | Print | Share  |  RSS
 
google my aol my msn my yahoo! netvibes
Paste this link into your favorite RSS desktop reader
See all CNNMoney.com RSS FEEDS (close)
More Galleries
10 of the most luxurious airline amenity kits When it comes to in-flight pampering, the amenity kits offered by these 10 airlines are the ultimate in luxury More
7 startups that want to improve your mental health From a text therapy platform to apps that push you reminders to breathe, these self-care startups offer help on a daily basis or in times of need. More
5 radical technologies that will change how you get to work From Uber's flying cars to the Hyperloop, these are some of the neatest transportation concepts in the works today. More

Special Offer

Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.