Bankruptcy bill "GLIDING" toward Congressional passage

[Bluebear]

WASHINGTON - Erasing medical bills, credit card charges and other debts in bankruptcy soon will become more difficult under landmark legislation that has vaulted its last major hurdle before Senate passage.

The legislation gliding toward congressional passage following Tuesday's procedural vote in the Senate would constitute the most sweeping overhaul of U.S. bankruptcy laws in a quarter-century.

Senate passage this week and likely House approval of that bill next month would deliver to President Bush (news - web sites) the second of his pro-business legislative priorities after Republicans fattened their majorities in both chambers in November's elections.

Congress sent Bush a law last month placing most large multistate class action lawsuits under federal court jurisdiction, making it harder for plaintiffs to join together and win multimillion-dollar judgments in state courts.

http://story.news.yahoo.com/news?tmpl=story2&u=/ap/20050309/ap_on_go_co/bankruptcy

[SoCalDem]

1. as millions of families are "gliding" down the dumper.

:(

[NYC]

2. They are oiling the chute

so the families can "glide" downhill faster.