Sunday 8 November 2009

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The Senate passes the bailout bill, the House expected to vote Friday

James Forsyth 8:55am

The revised Paulson plan passed the Senate by the comfortable margin of 74 to 25 with both Obama and McCain voting for it. Most people expect that the House will now OK it on Friday, the addition of various tax breaks and an increase in the Federal Deposit Insurance limit have made it more palatable to House Republicans who voted against it by a two-thirds margin on Monday.

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