Published: October 01, 2008 03:08 pm            

Financial Meltdown

By KIMBERLY HEFLING

Associated Press Writer

WASHINGTON (AP) — Pennsylvania Sen. Bob Casey says he plans to vote in favor of a $700 billion plan aimed at rescuing the ailing financial industry.

The Democratic senator says he's concerned about an increase in the number of unemployed workers in Pennsylvania. He also says he wants businesses to be able to get the credit they need to keep the economy rolling.

Similar legislation failed Monday in the House, but changes have been made, including adding $100 billion in tax breaks for businesses and the middle class. The Senate is expected to vote Wednesday evening.

Pennsylvania's senior senator, Republican Arlen Specter, is reviewing the legislation and has scheduled a Wednesday afternoon meeting with reporters.

        

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