Wall Street in the wake of the failed auto bailout
The DJIA is down over 100 points in the first 10 minutes of trading this morning. Last night's 52-35 roll call vote in the U.S. Senate can be found here.
Four Dems voted no on the procedural measure to bring the matter to a vote, including Blanche Lincoln.* 10 Republicans voted for it: Bond, Mo.; Brownback, Kan.; Collins, Maine; Dole, N.C.; Domenici, N.M.; Lugar, Ind.; Snowe, Maine; Specter, Pa.; Voinovich, Ohio; and Warner, Va. 12 didn't cast a vote. A sticking point with the Republican leadership was the UAW's failure to accept reductions in employee compensation.
*- Senate Majority Leader Harry Reid voted against it in order to preserve a parliamentary maneuver which allows him to reopen the vote at a later time.
Four Dems voted no on the procedural measure to bring the matter to a vote, including Blanche Lincoln.* 10 Republicans voted for it: Bond, Mo.; Brownback, Kan.; Collins, Maine; Dole, N.C.; Domenici, N.M.; Lugar, Ind.; Snowe, Maine; Specter, Pa.; Voinovich, Ohio; and Warner, Va. 12 didn't cast a vote. A sticking point with the Republican leadership was the UAW's failure to accept reductions in employee compensation.
*- Senate Majority Leader Harry Reid voted against it in order to preserve a parliamentary maneuver which allows him to reopen the vote at a later time.
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