Hot sectors in a tepid recovery
The energy, finance, technology and healthcare industries are expected to be the hottest areas for dealmaking in 2010. Full Article | Full Coverage
UPDATE 1-Pelosi won't set bailout vote unless passage certain
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WASHINGTON, Oct 2 (Reuters) - U.S. House of Representatives Speaker Nancy Pelosi said on Thursday she would not schedule a vote on the $700 billion financial bailout bill unless there are enough votes to pass it.
"We're not going to take a bill to the floor that doesn't have the votes. I'm optimistic that we will take a bill to the floor," Pelosi, a California Democrat, told reporters.
"We want to see if we still have the 141 (Democratic) votes that we had before, and that seems to be coming in pretty well," she said, referring to the House's last vote on the bailout.
On Monday, the House rejected the bailout bill, which triggered a record 778-point drop in the Dow industrials index. The U.S. Senate approved a rescue plan on Wednesday after adding a number of tax breaks to attract more support.
"Congress must act. We must intervene. We have to send a message of confidence to the market," Pelosi said.
The Senate also added a provision to the bill that would increase federal bank deposit insurance.
"We welcome that change," Pelosi said.
She also said Democratic and Republican House leaders are in discussions.
"We're working together to try to get the votes as soon as possible so we can time our bringing the vote to the floor." (Reporting by Kevin Drawbaugh and Donna Smith; Editing by Jeffrey Benkoe)
