Shadegg nows says bailout bill acceptable

All they needed were twelve more votes.

It looks like they now just need eleven.

Two changes in the economic bailout proposal have bi-partisan support and could enhance its chances of passage when it comes before the House a second time, according to Arizona Congressman John Shadegg.

Shadegg, a Republican who voted against the bailout bill that was defeated by the House on Monday, said it appears a new bill will include raising the cap on FDIC insurance to $250,000 and changing an accounting rule.

“If they make both of those changes, I’d be inclined to vote for the bill, assuming there have not been any bad things added to it,” he said.