Optimism Grows On Bailout Bill

“Cautiously optimisitc” is how people are describing the mood in the nation’s captial as the Senate prepares to hold a vote on the modified bailout bill.

Here’s the latest from Politico:

The White House is now cautiously optimistic that it has turned the corner and can see a path for Congress to complete action Friday on Treasury’s $700 billion rescue plan for the financial markets. 

Caution is still very much the watchword in what remains a ticklish political situation. But after Monday’s defeat in the House, the Senate is expected to jump start the process Wednesday night by approving a greatly expanded bill that blends in more than $100 billion in popular tax breaks as well as aid to rural schools important to House Republicans.

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