The vote comes two days after the House failed to pass the controversial plan.
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U.S. Republican presidential nominee Senator John McCain poses for a photograph with six month old Harper Yates after a speech at the Harry S. Truman Presidential Library in Independence, Missouri, October 1, 2008. |
Both Republican McCain and Democrat Obama proposes increasing federal bank deposit insurance from 100,000 dollars to 250,000 dollars, which will be the new provision in the Senate's version of the rescue plan.
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U.S. Democratic presidential nominee Senator Barack Obama greets supporters during a campaign rally at the University of Nevada in Reno, September 30, 2008. |
The U.S. House rejected the plan Monday, putting a roadblock in front of what would be the largest government intervention in financial markets since the Great Depression.
The economy has dominated the campaign trail this month, and both candidates have been trying to convince voters that they will do a better job of getting the financial crisis under control.
As McCain and Obama continue campaigning this week, their running mates are focused on their upcoming debate.
Alaska Governor Sarah Palin and Biden will face off Thursday in St. Louis, Missouri, in the only vice presidential debate of the election season.