Senate passes revised bailout Bill

The Senate has passed a revised version of the bailout (technically not a bailout) bill after the original one lost in the Congress. It passed 74 to 25 votes on Wednesday night. This revised bill has all the same features as the one that failed in the House along with some additions. These additions include: the amount that average citizens deposits are insured for in a bank when up to $250,000 from $100,000. This helps small businesses because people become less likely to take their money out of the bank, this way small businesses can borrow that money. New tax breaks for both people and business the total reduction in taxes is $110 billion. Many are optimistic it will pass the House on Wednesday.