Senate Bailout Vote to Bring McCain, Democratic Ticket to D.C.
(KANSAS CITY, MO.) – John McCain will return to Washington, D.C., this afternoon to vote on the financial bailout bill that failed in the House of Representatives on Monday. The Senate will vote on the bill this evening.
While McCain has expressed reservations over the bill, he has also urged its quick passage.
"Congressional inaction has put every American and the entire economy at the gravest risk," McCain said yesterday.
"I call on everyone in Washington to come together in a bipartisan way to address this crisis. I know that many of the solutions to this problem may be unpopular, but the dire consequences of inaction will be far more damaging to the economic security of American families and the fault will be all ours."
The biggest change in the Senate version of the bill is an increase in FDIC insured deposits, which would rise to $250,000 from $100,000. That change could persuade some that voted "no" on the bill, especially House Republicans, to support the plan when it goes back to the House.
Before heading back to vote, McCain will speak at the Harry S. Truman Presidential Library in Independence. He is expected to speak to a small crowd about the current economic situation.
Barack Obama and his running mate Joe Biden will also interrupt their schedules to head back to Washington to vote.