Senate Finance Committe passes Baucus bill 14-9

10/13/2009 3:14 pm EST

Focus: STOCKS

Jim Jubak

Founder and Editor, JubakPicks.com

This afternoon the Senate Finance Committee passed the $829 billion (over 10 years) Baucus health care bill.

The vote was 14-9 with only Republican Senator Olympia Snow (Maine) crossing over to join the 13 Democrats in voting "Aye."

The Senate Finance Committee is the last of the five committees in the House and the Senate with responsibility for health care legislation to report a bill out of committee. The battle now moves to the Senate floor where Senators will try to somehow hammer conflicting bills into a single piece of legislation. That bill still has to be reconciled with whatever emerges from the House of Representatives.

A major step in the process but still a long way from a done deal.

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