The proposal will be taken up along with a renewable energy tax credit extension. Aides say the bill will include an increase in the amount of deposits insured by the FDIC from $100,000 to $250,000 -- a provision called for by Sen. Barack Obama (D-Ill.) and earlier offered by House Republicans.
The vote is scheduled for 7:30 pm tomorrow night, after sundown, respecting the Jewish holiday. The chamber will also vote on a millionaires' surtax proposed by Sen. Bernie Sanders, a Vermont independent who caucuses with Democrats.
UPDATE: McCain spokesman Tucker Bounds confirms to Parnes that McCain will be on hand to vote.
UPDATE II: And Barack Obama (D-Ill.) will return as well, reports Carrie.
UPDATE III: From Senate GOP leadership:
The Senate will vote on the economic rescue plan tomorrow night after a series of stacked votes starting at 7:30.
The structure is this:
The Senate will call up H.R. 1424, the text of which will be substituted with the economic rescue plan (a Dodd amendment which must have the consent of both the Majority and Minority Leaders). The only other amendment in order will be a Sanders amendment that will be handled by a voice vote.
The bill will be subject to a 60-vote threshold for passage.