Hi there,

The job of a journalist is to go to where the silence is — especially when those in power seek to silence voices that question or challenge power. That is what we do at Democracy Now! day in and day out, and we're able to do it because of financial support from people like you — people who trust and depend on our independent reporting. If you believe that freedom of speech and freedom of the press are essential to the functioning of a democratic society, please donate today. Thanks to a group of generous donors, all donations made today will be DOUBLED, which means your $15 gift is worth $30. Every dollar makes a difference. Thank you so much.

Democracy Now!
Amy Goodman

Non-commercial news needs your support.

We rely on contributions from you, our viewers and listeners to do our work. If you visit us daily or weekly or even just once a month, now is a great time to make your monthly contribution.

Please do your part today.

Donate

Senate to Vote on Wall St. Bailout

HeadlineOct 01, 2008

Congressional leaders and the White House have slightly revised the $700 billion Wall Street bailout before a Senate vote expected later today. The measure is said to include new tax breaks for businesses and higher government insurance on bank deposits. The ongoing talks helped the nation’s financial markets recover one day after stocks plummeted on Wall Street with the House rejection of the bailout. The Dow was up 4.7 percent, following Monday’s historic seven-percent drop. Senators Barack Obama, John McCain and Joe Biden say they’ll return to Washington for today’s vote. In Iowa, McCain called on both parties to overcome popular opposition to the bailout.

Sen. John McCain: “I am disappointed at the lack of resolve and bipartisan good will among members of both parties to fix this problem. Bipartisanship is a tough thing, never more so when you’re trying to take necessary but publicly unpopular action. But inaction is not an option.”

Meanwhile, campaigning in Nevada, Senator Obama called on lawmakers to avoid partisanship and act quickly.

Sen. Barack Obama: “This is one of those defining moments when the American people are looking to Washington for leadership, so it’s not a time for politics. It’s not a time for partisanship. There’s going to be a lot of time left and a lot of topics and issues to debate in the next five weeks. But it’s not a time to figure out how to take credit or where to lay blame. It’s not a time for politicians to concern themselves with the next election. It’s a time for all of us to concern ourselves with the future of the country that we love. This is a time for action.”

The original content of this program is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 United States License. Please attribute legal copies of this work to democracynow.org. Some of the work(s) that this program incorporates, however, may be separately licensed. For further information or additional permissions, contact us.

Non-commercial news needs your support

We rely on contributions from our viewers and listeners to do our work.
Please do your part today.
Make a donation
Top