WASHINGTON — Senate leaders scheduled a Wednesday vote on a $700 billion financial bailout package after agreeing to add tax breaks and a higher limit for insured bank deposits in a bid to attract enough votes to reverse a shocking defeat in the House and send legislation to President Bush by the end of the week. ...
The senators issued no details of their proposal and said none would be available until Wednesday.
The FDIC cap goes from $100,000 to $250,000, according to The Associated Press. No word, apparently, on how much more than $700 billion the impact is on the budget when you add in the tax cuts.
It also just occurred to me that I haven't seen figures on how much the interest on the $700 billion affects future budgets.