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Schumer says bailout bill has broad Senate support
2008-10-01 15:15:24

WASHINGTON (Reuters) - A member of the Senate Democratic leadership said on Wednesday that there was broad bipartisan support for financial rescue proposals the Senate will vote on tonight and predicted they will be approved.

Schumer said feedback from constituents show Americans' views on the package have changed since the House of Representatives rejected the bill on Monday.

"The tone has changed," Democratic Sen. Charles Schumer of New York said on CNBC television. "Last week, it was overwhelmingly vote 'no', now it is 'well you may not like this plan, but do something."

While he said that some idea about changing so-called mark-to-market rules for bank accounting of their assets may need revision, they will not be part of the bill the Senate votes on Wednesday.

"To do it quickly would be a mistake, Schumer said in response to a question. "That's the kind of thing that has to be left for broad regulatory reform" next year.

(Reporting by Glenn Somerville; Editing by Andrea Ricci)

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