October 2, 2008
Posted: 06:04 AM ET
Business Correspondent Jennifer Westhoven
The Senate last night voted to approve the financial-rescue bill for Wall Street that supporters say is vital to saving Main Street. It took a lot of political heavyweights, and a lot of sweetener – $110 billion dollars’ worth of tax breaks and add-ons.
The future of the markets is pretty much up in the air.
The question is – what will the House do with the bill on Friday? And will it deliver as promised and head off an economic disaster? Will it defrost the credit markets?
We’ve already got plenty of reports of companies, schools and municipal projects like roads and highways that are in jeopardy because of the frozen credit markets.
Tell us what you think.
What do you want to say about the bailout/rescue plan and the economy?
Has the credit crunch affected you? Maybe you’ve seen a change in a credit card, or had trouble with a loan?
How is all the news about the economy affecting your daily life – are you cutting back on anything or saving more? Do you think this will affect your holiday? Leave your comments below.
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