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US rivals to vote on crisis bill

US rivals to vote on crisis bill

Barack Obama campaigns in Reno, Nevada, 30 Sept

Barack Obama warned the economic crisis could cost millions of jobs

US presidential hopefuls John McCain and Barack Obama are returning from the campaign trail for a Senate vote on the economic rescue plan, aides say.

Mr Obama’s running mate, Joe Biden, was also expected to vote in Washington, a day before he takes part in a vice-presidential debate with Sarah Palin.

Mrs Palin, Republican governor of Alaska, has been preparing for the TV debate at Mr McCain’s ranch in Arizona.

Meanwhile, ex-President Bill Clinton is to hold his first rally for Mr Obama.

Mr Clinton, whose wife Hillary lost to Mr Obama in a fierce primary contest for the Democratic nomination, is due to appear in Florida, where he will encourage people to register as voters before a deadline on Monday.

It comes a month after he endorsed the Illinois senator at the party’s national convention – though speculation has continued that he is not fully signed-up to Mr Obama’s bid for the White House.

A new ABC-Washington Post poll suggests Mr Obama continues to hold a slight lead over Mr McCain among likely voters, with more voters trusting him to handle the economic crisis.

The same poll gave US President George W Bush a record 70% disapproval rating on his job performance. Only 26% said they approved of the job he was doing, the lowest rating of his time in office.

Recession warning

The Senate vote on a package to bail-out the US financial system is due to take place on Wednesday evening. Analysts suggest it is likely to pass.

John McCain campaigns in Iowa, 30 Sept

John McCain said inaction by Congress was putting the US at risk

In campaigning on Tuesday, Mr McCain and Mr Obama urged politicians of both parties to work together to pass emergency legislation, a day after the bill failed in the House of Representatives.

To get through the Senate, the $700bn (£380bn) banking rescue package will require the backing of 60 of the 100 senators.

Speaking in Reno, Nevada, Mr Obama warned that without action by Congress “millions of jobs could be lost, a long and painful recession could follow”.

He added: “There will be a time to punish those who set this fire, but now is the moment for us to come together and put the fire out.”

Mr McCain, who campaigned in Des Moines, Iowa, said inaction by Congress had “put every American and the entire economy at the gravest risk” and that Washington urgently needed to show leadership.

“I am disappointed at the lack of resolve and bipartisan good will among members of both parties to fix this problem,” he said.

Mr McCain was expected to return to Washington after giving a speech on the economy in Missouri on Wednesday. Mr Obama was to travel to the capital following a rally in Wisconsin.

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October 1, 2008 - Posted by | Uncategorized

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