Senate OKs Bailout Package, House to Vote Friday
The Senate, for its part, added "sweeteners" that would increase bank deposit insurance and extend tax breaks. Republicans have agitated for both provisions. As it stands now, the bill would temporarily raise the limit on federal deposit insurance to $250,000 from $100,000 per account and provide more than $100 billion in tax breaks, including extending alternative minimum tax relief for middle-class taxpayers and property tax relief.
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