Senate backs overhaul of bankruptcy laws in sweeping vote
The Senate approved a broad overhaul aimed at restraining debtors from abusing the system. President Clinton endorsed rapid sending to the White House, while critics warn it could harshly affect consumers and raise hardships for those with legitimate needs. A rise in filings before the law takes effect is possible.
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House eyes more tax-cut votes by April
President Bush's proposals to ease the tax penalty on marriage double the child tax credit and abolish the estate tax prompt House Republicans to push two more tax-cut bills by early April. The centerpiece is a 1.6 trillion package with 958 billion in income tax cuts, moving to the Senate last week as party leaders seek broader relief without triggering the alternative minimum tax for middle-class taxpayers.
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