US Senate Votes Down Measure Seeking To End TARP

[adamuu]

http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201001211620dowjonesdjonline000682&title=us-senate-votes-down-measure-seeking-to-end-tarp

By Corey Boles, Of DOW JONES NEWSWIRES

WASHINGTON -(Dow Jones)- The U.S. Senate narrowly voted to defeat a proposal to immediately end the Treasury's financial market rescue plan as several moderate Democrats sided with the Republican minority in favor of the measure.

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The Senate vote was 53-45, a majority in favor of ending the TARP, but short of the 60 votes required to carry the vote

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Sen. Christopher Dodd (D., Ct.) argued against the amendment, saying the TARP funds instead should be used to make loans to small businesses struggling to tap the commercial credit markets.

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In the end, 13 Democrats voted for ending the TARP, most of them moderate members of the caucus.

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This doesn't bode well for are argument to end the 60 vote filibuster rule.

Edit to add link

[DJ13]

1. several moderate Democrats

several CONSERVATIVE Republican lite Democrats