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    Wednesday Morning Jane

    By CJP | October 1, 2008

    Good morning, Janes! The bailout bill, so reviled by House Republicans that they called it a "crap sandwich," is back for its second act on the Washington stage tonight. Nobody knows if we'll see a comedy, a tragedy, or a farce, but you've got front row seats on the drama in the CJP VIP box. Before the show starts, checkout your Playbill. We call it the Morning Jane... Top Domestic Story: The Markets
    • The Senate will vote on a re-tooled version of the bailout bill tonight. It's mostly the same as the bill that the House just rejected, but with $150 billion in tax breaks. The breaks make the bill more attractive House Republicans, but LESS attractive to the House Dems. We're concerned. [The Hill]
    • The new bill would also raise FDIC insurance limits from $100K to $250K, and change something called "mark to market," which we'll tell you more about later today. [Wall Street Journal]
    Other Top Domestic Story: Campaign 2008
    • New polls show Obama opening up huge leads in crucial swing states, including Ohio, Florida and Pennsylvania. That's especially bad news for McCain, since the Janes all know it's the state-by-state polls that matter. [AP via NBC]
    • The 435 members of the House stumping for reelection are damned if they did and damned if they didn't vote for the bailout. Those who voted for are getting hit will bailing out fat cats, while those who voted against it are called partisans who can work for the American people. Good luck with that, candidates! [USA Today]
    Top International Story: EU monitors have moved into parts of the disputed territory between Georgia and Russia, but were turned back at some points by Russian military, for "security reasons." The monitors are unarmed, but traveling in tanks. [BBC] New York Mayor Michael Bloomberg will run for a third term, just as soon as he gets rid of the law that limits New York mayors to two terms. [NY Post] Sharon Stone, we're confused. [Us Magazine]
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