Friday, October 03, 2008

Capitol Hill Update XIV

After first having failed to pass the House, passing overwhelmingly the Senate, and the going back to the House, the bailout bill did pass Congress today and was signed by President Bush. Dozens of House members changed their votes after "sweeteners" were added.

The House also voted to extend unemployment benefits. Meanwhile, the Senate voted by large margin to approve the US-India nuclear deal, which the House had already approved. Both chambers also passed a bill inteded to save Internet radio from a crippling hike in copyright royalty rates.

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