Senate Votes for the Wall Street Rescue Bill

2008, Senate

The Senate voted overwhelmingly in favor of the Wall Street rescue bill (or bailout if one prefers). There were 74 votes in support of the bill and only 25 votes against. Senator Ted Kennedy, who is undergoing brain cancer treatment, was the only Senator not to cast a vote.

Official bill description from Senate.gov A bill to provide authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers, to amend the Internal Revenue Code of 1986 to provide incentives for energy production and conservation, to extend certain expiring provisions, to provide individual income tax relief, and for other purposes.

 

In unrelated news, the Senate also voted on an agreement permitting civilian nuclear trade between India and the U.S. for the first time in three decades.  View The New York Times interactive map