CQ Politics has more details on the Senate vote tomorrow.

[kpete]

Senate Plans Vote on Financial Rescue Wednesday

CQ Politics has more details on the Senate vote tomorrow. It will take 60 votes to amend the bill and 60 to pass it. That means there will have to be significant Republican participation to pass it, just like in the House. I do like this bit:

CQ TODAY ONLINE NEWS – ECONOMIC AFFAIRS
Updated Sept. 30, 2008 – 8:46 p.m.
Senate Plans Vote on Financial Rescue Wednesday
By Bart Jansen, Benton Ives, Joseph J. Schatz and Jonathan Allen, CQ Staff

In addition, Sen. Bernard Sanders, I-Vt., will be allowed to offer an amendment that will receive a voice vote. Sanders has called for a 10 percent surtax on individuals earning at least $500,000 per year, in order to help pay for the plan.

Go Bernie!
http://www.cqpolitics.com/wmspage.cfm?docid=news-000002967096

[chill_wind]

1. Screw this.

White House spokesman Tony Fratto said the administration was open to modifications of the failed plan as long as it continued to hew to the core principles laid out by Treasury Secretary Henry M. Paulson Jr.

“I don’t think we have to start all over. We do have a solution that will fix the problem, and that’s the original proposal that was made by Secretary Paulson,” Fratto said. “There are lots of good ideas that can help the financial services industry and our financial markets, and we’re going to look at all of those ideas.”

However, he was cool to an idea some have floated: shrinking the amount of money that would be authorized for the program.

“We think that’s the right number,” Fratto said. “Unless Secretary Paulson comes back and says it’s a different number. That was his expert, considered judgment of his team and other federal regulators and people who follow the markets.

[MadrasT]

3. This is horseshit

"“We think that’s the right number,” Fratto said. “Unless Secretary Paulson comes back and says it’s a different number. That was his expert, considered judgment of his team and other federal regulators and people who follow the markets."

That number was pulled out of THIN AIR.

[chill_wind]

4. Word!

The Forbes quote by the Paulson staffer was everywhere.

http://correntewire.com/treasury_we_just_wanted_to_choose_a_really_large_number

[chill_wind]

2. kicking.