Senate to Vote on Bailout Tonight; McCaskill to Vote "Yes"
Tonight in the Senate Chamber on Capitol Hill, two
The bill will aim to prevent a financial crisis by allowing the federal government to purchase toxic assets from struggling financial institutions.
The House rejected a similar bill Monday.
In a conference call to reporters today, Senator Claire McCaskill from Missouri said although she’s not happy with the bill, she will vote for it this evening.
McCaskill says this is not a bill to save the big corporate CEOs who got the country into this financial crisis, but rather one to stabilize the credit markets, which are in danger of freezing up.
McCaskill says her office has been flooded with calls from constituents whose businesses—both small and large—are already having trouble giving or receiving loans.
She says the Senate version of the bailout plan does not give President Bush the full 700 billion dollars he requested, and it limits the salaries of Wall Street executives included in the bailout.
For KSMU News, I’m Jennifer Moore.