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01.10.2008 - US Senate prepares to vote on bail-out

United States senators are preparing to vote on a new version of the 700-billion-dollar rescue package for the American financial system.

The Czech Republic news are represented by www.czech-republic-prague.com

The vote comes after the House of Representatives rejected the original package on Monday, triggering the worst fall on the US stock exchange in 21 years. If the Senate approves the bailout package, as is widely expected, it will increase pressure on the lower house to follow suit when it meets again on Thursday. President George W. Bush, Treasury Secretary Henry Paulson and the two presidential candidates John McCain and Barack Obama have all reaffirmed their support for the plan. US, European and Asian share markets have posted mixed results ahead of the Senate vote. 

(Deutsche Stock markets rally strongly as US moves to stem crisis ...
SAARC leaders agree to co-operate ...
Venus outshines Serena, then they win doubles ...
Welle)


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