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Senate Takes Up Bailout Today; House May Reconsider on Thursday

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Members of the U.S. House return to Washington tomorrow to once again consider a $ 700 billion financial bailout plan. Democratic Congressman Dan Lipinski from Chicago voted against the proposal earlier this week. He says he’ll reconsider his position if House leaders make some changes to the legislation.

LIPINSKI: If they changed the $700 billion and how it would be given out and give congress more control over that and they gave congress and the oversight board more power, I could see myself voting for the bill. But we do not know right now what bill will be brought to the floor. They may bring the same bill to the floor again.

Including Lipinski, nine members of Congress from Illinois voted against the bill. Nine others supported it.

The US Senate will take up the issue today. Senators are expected to propose a slightly modified version of the bill that was defeated in the House earlier this week.

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