Senate:  S. 3637, Extension of the Transaction Account Guarantee Program (TAG)

The Senate will convene at 9:30 AM and proceed to a period of morning business until 2:00 PM.  The period between 11:30 and 2:00 PM is reserved for tributes to retiring members of the Senate.  At 2:00 PM, the Senate will resume consideration of the TAG bill.  At some point this afternoon, we expect a Republican Senator, probably Senator Toomey (R-PA) to make a budget point of order against the TAG bill.  This will set up a critical vote on a motion to waive the point of order.  This vote is being closely watched on Capitol Hill as the first true test of support for the TAG bill, and it represents the first of two opportunities we will have to bring the bill down.  READ MORE

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