WASHINGTON - A Senate vote on the bankruptcy bill is scheduled for Tuesday, but it may be delayed a day because many lawmakers plan to be in New Hampshire for Tuesday's presidential primary.The way was cleared for a vote on the on-again, off-again legislation after Senate Banking Committee Chairman Phil Gramm and Sen. Paul S. Sarbanes came to agreement on a controversial amendment.

Behind-the-scenes negotiations yielded a compromise on credit card disclosures pushed by Sen. Sarbanes, Senate Banking's ranking Democrat. The compromise, adopted by the Senate without debate on Jan. 26, would require all credit card issuers to include a warning on statements that making only the minimum monthly payment will increase interest owed and the time it takes to pay the balance.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.