Senate passes sweetened $700B market bailout - KTRE.com | Lufkin and Nacogdoches, Texas

Senate passes sweetened $700B market bailout

Associated Press - October 1, 2008 9:33 PM ET

WASHINGTON (AP) - The Senate has passed a $700 billion bailout for the financial industry aimed at preventing the economy from plunging into a recession.

Democrats and Republicans teamed to approve the bill after sweetening it with tax breaks. The House plans to vote on it Friday.

Copyright 2008 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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