How they voted
| |||
|
|||
Here's how Hawai'i Reps. Neil Abercrombie and Mazie K. Hirono and Sens. Daniel Akaka and Daniel K. Inouye voted in key legislation last week.
KEY HOUSE VOTES
1. Federal Intervention in Financial Market Crisis
The House voted 263-171 Friday to pass a historic $700 billion measure to rescue the financial sector. There were 58 more votes for the bill than an earlier version that failed on Monday. The measure, which the Senate passed Wednesday 74-25, went to President Bush, who quickly signed it. To win more support, the Senate added to the package an extension of numerous tax breaks for individuals and businesses, an increase in the size of government-insured bank deposits from $100,000 to $250,000, and other unrelated bills.
Hawai'i votes:
Neil Abercrombie (D) YEA
Mazie K. Hirono (D) YEA
2. Federal Intervention in Financial Market Crisis
In a 228-205 vote, the House on Monday rejected a $700 billion federal package that would allow the government to buy bad mortgage securities and other devalued assets from reeling financial institutions in an attempt to get frozen credit flowing into the economy again.
Hawai'i votes:
Neil Abercrombie (D) NAY
Mazie K. Hirono (D) NAY
KEY SENATE VOTES
1. Federal Intervention in Financial Market Crisis
The Senate voted 74-25 Wednesday to pass a revised $700 billion federal bailout plan for the financial markets. The new bill included billions in tax extenders and increased FDIC insurance to provide further protections for taxpayers and small businesses. Additional spending for unrelated items such as rural school districts and solar energy were included in an attempt to persuade lawmakers to vote for the package.
Hawai'i Votes:
Daniel Akaka (D) YEA
Daniel K. Inouye (D) YEA
WHAT'S AHEAD
Both the House and Senate are expected to break for the election.