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US Senators have passed a revamped $US700 billion ($882.7 billion) plan to shore up Wall Street and stabilise the global economy.
An earlier version of the Bill was voted down by the House of Representatives on Tuesday (AEST) – triggering a $1 trillion rout on Wall St and a stockmarket meltdown worldwide.

The House of Representatives will consider the revised Bill on Friday. One of the reasons they originally rejected the proposal was because of concerns about the cost to US taxpayers – who are effectively being asked to pay for mistakes made by Wall St.

A few sweeteners were included in the revised plan to try to get politicians onside – including increasing the amount that bank deposits are insured for, from $US100,000 to $US250,000.

White House rivals Barack Obama and John McCain rushed back from the campaign trail to cast their votes, just five weeks from election day as the economy dominates their bitter race.

Overnight, President George W. Bush warned politicians the bailout was necessary "so as to stabilise this (economic) situation, so that it doesn't get worse".

Wall Street marked time in the run-up to the Senate vote, with Dow Jones paring heavy opening losses and ending down 13.22 points (0.12 per cent) at 10,837.44.

The Australian share market was subdued in early trading. At 10.15am AEST the benchmark S&P/ASX200 was up 25 points, or 0.52 per cent, to 4819.6, while the broader All Ordinaries lifted 19.3 points, or 0.4 per cent, to 4834.8.