House girds for 2nd try on financial rescue - KWWL - Eastern Iowa Breaking News, Weather, Closings

House girds for 2nd try on financial rescue

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WASHINGTON (AP) -- House members are gearing up for their second chance to vote on a multibillion-dollar financial industry bailout.

The measure passed the Senate yesterday, after several changes were added. Those include tax breaks for the middle class and businesses, and raising the federal deposit insurance cap from $100,000 to $250,000.

The new provisions were an effort to win over dissenting House members and get the bill passed the second time around. As the Senate majority leader now describes it, the bill isn't "legislation for lower Manhattan. This is legislation for all America."

House leaders will be lobbying today for the dozen or so more supporters they think need. A showdown vote is expected tomorrow.

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