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| Version 1 | Version 2 |
|---|---|
| US rivals to vote on crisis bill | US rivals to vote on crisis bill |
| (9 minutes later) | |
| US presidential hopefuls John McCain and Barack Obama are returning from the campaign trail for a key Senate vote on a rescue plan for troubled Wall Street. | |
| A version of the $700bn (£380bn) bank rescue plan was rejected in the House of Representatives on Monday and needs both House and Senate backing. | A version of the $700bn (£380bn) bank rescue plan was rejected in the House of Representatives on Monday and needs both House and Senate backing. |
| Global shares were mixed in Wednesday trading ahead of the vote. | Global shares were mixed in Wednesday trading ahead of the vote. |
| The vote also comes a day before a TV debate between vice-presidential candidates Joe Biden and Sarah Palin. | The vote also comes a day before a TV debate between vice-presidential candidates Joe Biden and Sarah Palin. |
| Mr Biden, Mr Obama's running mate, is also expected to take part in the Senate vote, which is due to begin late on Wednesday evening. | Mr Biden, Mr Obama's running mate, is also expected to take part in the Senate vote, which is due to begin late on Wednesday evening. |
| Analysts suggest the revised package to bail-out the US financial system is likely to pass. | Analysts suggest the revised package to bail-out the US financial system is likely to pass. |
| John McCain said inaction by Congress was putting the US at risk | John McCain said inaction by Congress was putting the US at risk |
| Hopes that enough changes had been made to get the bill through saw shares close up strongly in Asia on Wednesday. | Hopes that enough changes had been made to get the bill through saw shares close up strongly in Asia on Wednesday. |
| However, sentiment was more cautious in Europe, and while UK stocks have risen, German and French shares have fallen. | However, sentiment was more cautious in Europe, and while UK stocks have risen, German and French shares have fallen. |
| Some members of Congress continue to press for more fundamental changes to the bill, says the BBC's Americas editor Justin Webb. | Some members of Congress continue to press for more fundamental changes to the bill, says the BBC's Americas editor Justin Webb. |
| On Tuesday, President George W Bush warned of "painful and lasting" consequences for the US should Congress fail to agree a rescue plan. | On Tuesday, President George W Bush warned of "painful and lasting" consequences for the US should Congress fail to agree a rescue plan. |
| 'Painful recession' | 'Painful recession' |
| In election campaigning on Tuesday, Mr McCain and Mr Obama urged politicians of both parties to work together to pass emergency legislation. | In election campaigning on Tuesday, Mr McCain and Mr Obama urged politicians of both parties to work together to pass emergency legislation. |
| To get through the Senate, the banking rescue package will require the backing of 60 of the 100 senators. | To get through the Senate, the banking rescue package will require the backing of 60 of the 100 senators. |
| It will then have to return to the House of Representatives on Thursday. | It will then have to return to the House of Representatives on Thursday. |
| Shares remain volatile ahead of Wednesday's key vote | Shares remain volatile ahead of Wednesday's key vote |
| Speaking in Reno, Nevada, Mr Obama warned that without action by Congress "millions of jobs could be lost, a long and painful recession could follow". | Speaking in Reno, Nevada, Mr Obama warned that without action by Congress "millions of jobs could be lost, a long and painful recession could follow". |
| He added: "There will be a time to punish those who set this fire, but now is the moment for us to come together and put the fire out." | He added: "There will be a time to punish those who set this fire, but now is the moment for us to come together and put the fire out." |
| Mr McCain, who campaigned in Des Moines, Iowa, said inaction by Congress had "put every American and the entire economy at the gravest risk" and that Washington urgently needed to show leadership. | Mr McCain, who campaigned in Des Moines, Iowa, said inaction by Congress had "put every American and the entire economy at the gravest risk" and that Washington urgently needed to show leadership. |
| "I am disappointed at the lack of resolve and bipartisan good will among members of both parties to fix this problem," he said. | "I am disappointed at the lack of resolve and bipartisan good will among members of both parties to fix this problem," he said. |
| Mr McCain was expected to return to Washington after giving a speech on the economy in Missouri on Wednesday. Mr Obama was to travel to the capital following a rally in Wisconsin. | Mr McCain was expected to return to Washington after giving a speech on the economy in Missouri on Wednesday. Mr Obama was to travel to the capital following a rally in Wisconsin. |
| Meanwhile, ex-President Bill Clinton is to hold his first rally for Mr Obama. | Meanwhile, ex-President Bill Clinton is to hold his first rally for Mr Obama. |
| Mr Clinton, whose wife Hillary lost to Mr Obama in a fierce primary contest for the Democratic nomination, is due to appear in Florida, where he will encourage people to register as voters before a deadline on Monday. | Mr Clinton, whose wife Hillary lost to Mr Obama in a fierce primary contest for the Democratic nomination, is due to appear in Florida, where he will encourage people to register as voters before a deadline on Monday. |
| A new ABC-Washington Post poll suggests Mr Obama continues to hold a slight lead over Mr McCain among likely voters, with more voters trusting him to handle the economic crisis. | A new ABC-Washington Post poll suggests Mr Obama continues to hold a slight lead over Mr McCain among likely voters, with more voters trusting him to handle the economic crisis. |
| The same poll gave Mr Bush a record 70% disapproval rating on his job performance. Only 26% said they approved of the job he was doing, the lowest rating of his time in office. | The same poll gave Mr Bush a record 70% disapproval rating on his job performance. Only 26% said they approved of the job he was doing, the lowest rating of his time in office. |