Friday, October 3, 2008

Only McConnell backs bailout plan

Congress today gave final legislative approval to a $700 billion bailout plan to faltering banks. The measure, now loaded with lots of "sweeteners" through amendments tacked on by Senate, heads to the president's desk for his expected approval.

After failing to pass the House on Tuesday, the Senate took up the bill and passed it 74-25 Wednesday night. Kentucky's two senators were split on the bill, with Sen. Mitch McConnell voting yes and Sen. Jim Bunning casting a no vote. Friday's 263-171 approval in the House did not include support from Rep. Ed Whitfield, who also voted against the bailout on Tuesday.