• Most Popular
  • Most Shared

Enough votes to probably pass bailout: Rep. Wamp

WASHINGTON
Fri Oct 3, 2008 9:58am EDT

WASHINGTON (Reuters) - A Republican in the House of Representatives who voted against the Wall Street bailout bill on Monday and now supports it predicted on Friday that enough votes "are probably in place" for passage.

Deals  |  Crisis in Credit

Rep. Zach Wamp of Tennessee left a closed-door meeting of House Republicans and told reporters that there were at least 12 House Republicans and eight House Democrats who planned to switch their votes to support the $700 billion financial industry bailout.

"I believe there is enough movement on both sides" to pass the bill, Wamp said. Only a few lawmakers are poised to switch their votes in the other direction, from "yes" on Monday to "no" on Friday, he added.

(Reporting by Richard Cowan, editing by Gerald E. McCormick)
Deals
Crisis in Credit


More from Reuters

Photo

Fox, Time Warner Cable ink temp deal to avoid blackout

NEW YORK (Reuters) - Time Warner Cable and News Corp's Fox Networks agreed to a brief extension of their current carriage contract on Thursday to avoid a blackout that would have prevented 13 million U.S. homes from seeing TV shows like "The Simpsons" and college and NFL football games.

» More Top News
A customer is served at a counter inside a foreign exchange store displaying a poster of various banknotes including the Chinese yuan or renminbi (RMB) in Hong Kong November 20, 2009. REUTERS/Bobby Yip
OUTLOOK 2010:

Be careful what you wish for

Pressure on China to loosen its grip on the yuan will continue but the U.S. should tread carefully. Here are five world market issues to watch.  Full Article 

Global Markets
Clients work out on machines at the Bally Total Fitness facility in Arvada, Colorado June 15, 2009. REUTERS/Rick Wilking

Get real with resolutions

We make them and we break them: The secret to keeping them is to avoid the impossible dream.  Full Article 

Lifestyle