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Senators agreed to the plan 74-25 as an amendment to an unrelated bill, whose passage was expected to be a formality.
Senators loaded the rescue plan with tax breaks and other sweeteners for the right and the left, hoping to secure approval in the House by Friday, just days after the House’s rejection of President Bush’s plan sent financial markets plunging around the globe.
Originally posted by tmbandt
[edit on 1-10-2008 by tmbandt]
And with constituent feedback changing dramatically since Monday's shocking House defeat and the corresponding market plunge, lawmakers' comfort level with the package increased markedly.
Rep. John Shadegg of Arizona, a leading conservative who voted no on Monday, told CNN Wednesday he's "strongly leaning" toward voting for the plan.
Asked if was ready to switch from no to yes, Rep. Steve LaTourette, R-Ohio, said: "Not yet, but it's getting there."
Sen. John Thune, R-S.D., said Republicans "can argue now that there have been some steps taken that they recommended."