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Foster and Oberweis sound off on bailout
Federal legislators Wednesday took the first step toward using $700 billion of taxpayer money to save banks and money lenders who made bad loans that couldn't be repaid.
After the U.S. House shot down a version of the bailout bill Monday, senators began adding provisions meant to make the bill more appealing to the Democrat-led Congress.
That includes incentives like insuring bigger bank accounts and a $110 billion tax break for middle-income taxpayers.
Jim Oberweis is a Republican from Illinois seeking to represent the 14th Congressional District, a seat now held by Rep. Bill Foster, D-Geneva.
Oberweis made the bailout a campaign issue Wednesday when, in a teleconference, he keyed in on the issue to draw a line of distinction between him a
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