USA: Senate votes yes to revised plan, House to vote again on Friday |
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Overview: The US Senate voted yes to the revised bail-out plan in which the government among other things plans to buy 'toxic' assets from the banks for up to USD 700bn. The revised plan will now go back to the House of Representatives which rejected the original plan on Monday. The House is scheduled to vote on Friday. The revised plan includes new tax breaks and an increase in deposit-insurance limits. We expect the House to also vote yes to the plan and this will be important in order to
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