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Senate backs rescue plan
 
  Hedgeweb - THU, OCT 02 2008
News The US Senate on Wednesday night approved a $700bn plan to rescue the financial system.

Both Barack Obama and John McCain backed the measure in the 74-25 vote in favour. The Senate vote puts pressure on the US House of Representatives where a new vote is scheduled for Friday. The original proposal for the bail out plan has been rejected by the House on Monay.
 
 
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