Bailout poll

The bailout bill was designed to buy up bad debts and stabilize financial markets. The bill is asking for 700 billion to get this done. Some criticism towards the bailout bill included favoring the needs of Wall Street bankers at the expense of citizens. When the House voted on the bill, they choose not to pass the bill. The House denied the bill when it was first presented to them, since then changes have been made to the bill. The first change is to raise the government's guarantee on savings from 100,000 to 250,000. Another change is tax breaks to help small businesses and promote renewable energy. The third change that was made to the bill is expansion of child tax credit and for victims of recent hurricanes. Last night, the bill was presented to the Senate, and the Senate chose to endorse the bailout bill. The bill now has to be presented to the House once again.