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Chicago-area House Members Share Their Vote on the Bailout

SHARE Chicago-area House Members Share Their Vote on the Bailout

The $ 700 billion financial bailout is now law. The U.S. House okayed the plan earlier today. Some Chicago-area House members voted for the bill after opposing an original version.

Congresswoman Judy Biggert voted against the bailout on Monday. But the Hinsdale Republican reluctantly supported a revised version today.

BIGGERT: With the clock ticking and the credit markets freezing up it became clear to me that the time for seeking better options had run out.

Biggert was glad the new package increased bank deposit insurance limits and included some tax breaks.

But the changes did nothing to appease Democratic Congressman Dan Lipinski from Western Springs.

He voted against both versions of the bill.

LIPINSKI: There’s too much leeway that is given to the secretary of the treasury in this bill. And, I don’t want to take that on faith.

In total, 13 Illinois representatives voted in favor of the bill and 6 opposed it.
I’m Tasha Flournoy, Chicago Public Radio.

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