All eyes on USA
After the plan to rescue the financial sector last night passed through the U.S. Senate, as expected, all eyes are confined to the forthcoming vote in the House of Representatives, the lower chamber of the U.S. Congress. It is expected to vote Friday by the representatives will likely adopt a bill for improvements spending of 700 U.S. dollars billion, which surprisingly rejected on Monday. Besides the amount of 700 U.S. dollars billion, which will be paid by the government to buy mortgage securities by U.S. financial institutions, the Senate added some changes to rescue plan. There are various tax reductions, temporarily increase the guarantee from the state fund FDIC deposits of banks (from 100,000 U.S. dollars to 250,000 U.S. dollars) power to amend the method of entry of assets under market value. Can be made that the proposed tax relief will not be like some more conservative Democrats. But the bill has good chances to go and the next vote, on Monday he reached only 12 votes.
Representatives in Congress probably have turned attention to the fact that surrender their first lead until almost historical collapse of stock exchange indices in the U.S. on Monday. Upcoming elections next month may present a problem for the approval of the bill, which is perceived by the population as support for the greedy players on Wall Street. But few party organizers would like to be blamed for the collapse of the stock market. Many leaders in Congress have expressed optimism that the bill will be adopted.
Labels: Financial News
posted by Zoritza Petrova @ 3:10 AM
0 Comments:
Post a Comment
<< Home