{"id":3784,"date":"2008-10-01T02:00:00","date_gmt":"2008-10-01T08:00:00","guid":{"rendered":"http:\/\/www.nmpolitics.net\/index\/2008\/10\/senate-to-vote-on-bailout-pressure-remains-on-house\/"},"modified":"2008-10-01T02:00:00","modified_gmt":"2008-10-01T08:00:00","slug":"senate-to-vote-on-bailout-pressure-remains-on-house","status":"publish","type":"post","link":"https:\/\/nmpolitics.net\/index\/2008\/10\/senate-to-vote-on-bailout-pressure-remains-on-house\/","title":{"rendered":"Senate to vote on bailout; pressure remains on House"},"content":{"rendered":"

\"\"<\/a>The offices of U.S. Reps. Steve Pearce<\/a> and Tom Udall<\/a> continued to be inundated on Tuesday with phone calls and e-mails from people wanting to weigh in on the proposed $700 billion bailout, with most speaking against the bill the House rejected on Monday. <\/p>\n

<\/o:p><\/p>\n

But it appears that the Senate, not the House, will make the next attempt to pass a bailout package to try to provide aid to the struggling economy. In a surprise move, Senate leaders announced late Tuesday that they\u2019ll vote today on a bailout plan<\/a> that also includes a number of tax breaks the House rejected last week.<\/p>\n

<\/o:p><\/p>\n

Before that move was announced Tuesday, leaders in both parties were trying to make minor changes to the bailout proposal in an attempt to win about a dozen additional votes in the House to ensure passage. Many said a new House vote could come later this week, but the status of that vote is unclear now that the Senate has scheduled its vote.<\/p>\n

<\/o:p><\/p>\n

\"\"<\/a>Regardless, Udall spokesman Sam Simon said early Tuesday afternoon that, since Monday\u2019s narrow defeat of the proposal, his office had received \u201c600 e-mails and dozens (approaching hundreds) of phone calls,\u201d most of them \u201copposing the bailout package as it stood\u201d on Monday.<\/p>\n

<\/o:p><\/p>\n

Pearce spokesman Brian Phillips said that, before Monday\u2019s vote, the calls and e-mails were \u201coverwhelmingly against\u201d the bailout — \u201con the order of 150 or 200 to 1.\u201d Since the vote, he said, \u201cwe\u2019re getting a lot more calls supporting the bailout, but it\u2019s still 4-1 against.\u201d<\/p>\n

<\/o:p><\/p>\n

Pearce, the Republican U.S. Senate candidate, and Udall, his Democratic opponent, both voted against the bill. U.S. Rep. Heather Wilson<\/a>, R-N.M., voted for it. Her office did not respond Tuesday to a request for information on calls and e-mails about the bill.<\/p>\n

<\/o:p><\/p>\n

\"\"<\/a>Neither did the office of U.S. Sen. Pete Domenici<\/a>, R-N.M., who has said he would have supported the version of the bill the House rejected Monday. A spokeswoman for U.S. Sen. Jeff Bingaman<\/a>, D-N.M., said Tuesday afternoon — before the Senate scheduled today\u2019s vote — that the number of calls about the bailout bill dropped significantly after Monday\u2019s vote. Bingaman has also said he would have voted for the bill.<\/p>\n

<\/o:p><\/p>\n

During the week prior to the vote, Bingaman spokeswoman Jude McCartin said Tuesday, the senator\u2019s office was receiving about 300 calls a day, \u201cmostly unhappy about the proposal.\u201d<\/p>\n

<\/o:p><\/p>\n

\u201cBut many of those callers also said if it was necessary to pass something, they wanted taxpayer protections and no golden parachutes built in,\u201d McCartin said.<\/p>\n

Guv, Teague would have voted against bailout bill<\/span><\/span><\/p>\n

\n

<\/o:p><\/p>\n

Meanwhile, two high-ranking New Mexico<\/st1:state><\/st1:place> politicians added their voices on Tuesday to the bipartisan chorus of people opposing the bailout bill the House rejected on Monday. Gov. Bill Richardson<\/a> and 2nd Congressional District Democratic candidate Harry Teague<\/a> said Tuesday at a news conference in Las Cruces that they would have voted with Udall and Pearce to reject the bailout bill.<\/p>\n

<\/o:p><\/p>\n

\u201cWith the info I\u2019ve seen, I couldn\u2019t have voted for that,\u201d Teague said, explaining that there weren\u2019t enough guarantees for taxpayers.<\/p>\n

<\/o:p><\/p>\n

\u201cI agree with Harry. I wouldn\u2019t have voted for that bill,\u201d Richardson<\/st1:place><\/st1:city> said, adding that a proposal needs to include assurances that a crisis like the current situation won\u2019t happen again, stronger provisions to ensure bailout money isn\u2019t used for huge CEO payouts, protection for homeowners and more transparency and accountability.<\/p>\n","protected":false},"excerpt":{"rendered":"

The offices of U.S. Reps. Steve Pearce and Tom Udall continued to be inundated on Tuesday with phone calls and e-mails from people wanting to weigh in on the proposed $700 billion bailout, with most speaking against the bill the House rejected on Monday. But it appears that the Senate, not the House, will make […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3784","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/posts\/3784","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/comments?post=3784"}],"version-history":[{"count":0,"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/posts\/3784\/revisions"}],"wp:attachment":[{"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/media?parent=3784"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/categories?post=3784"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nmpolitics.net\/index\/wp-json\/wp\/v2\/tags?post=3784"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}