Senate Moves Toward Rescue Vote
The Post's Lori Montgomery reports that the Senate, which has taken the lead on the $700 billion Wall Street rescue bill from the House, will likely begin discussing the bill between 2 p.m. and 3 p.m. today.
There will be 90 minutes of debate on an amendment offered by Sen. Chris Dodd (D-Conn.) that would add a package of tax breaks for renewable energy businesses and others.
Then Sen. Bernie Sanders (I-Vt.) will get 60 minutes of debate for his proposed amendment to add a surtax on millionaires to pay for the rescue plan, unlikely to pass, especially given the high number of millionaires in the Senate (about half, Forbes estimates).
Senate voting on a number of issues begins around 7:30 p.m. tonight, with the vote on the rescue plan coming last, not expected until after 8:30 p.m.
The forecast: smooth sailing in the Senate, but balanced-budget Blue Dog Democrats -- upset that there's no new revenue increase to pay for the rescue plan -- may prove to be a roadblock in the House. Rep. Steny Hoyer (D-Md.) is among the angriest.
-- Frank Ahrens
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