House vs. Rescue Bill: Round 2
Now that the Senate has passed a modified version of the $700 billion Wall Street rescue bill -- modified in ways to make it more palatable to the House Republicans who helped kill the first version on Monday -- it heads back to the House for a scheduled Friday vote.
What will happen there?
When asked abut the likelihood that the House would pass the bill Friday, Rep. Barney Frank (D-Mass.), chairman of the House Financial Services committee, told CNN this moments ago: "I think it's better than even."
That's not necessarily a ringing vote of confidence, but Frank may be trying to lower expectations this time -- he was among the most optimistic that the House would pass the last version, which failed by a vote of 205-228.
-- Frank Ahrens
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