Could Bush's massive giveaway to the credit card industry be in danger of dying now that it's so close to passage? CQ Today's Midday Update (free email service) says the answer might be yes.

An amendment to bankruptcy overhaul legislation intended to address conflicts of interest of investment banks that advise firms filing for bankruptcy protection today slowed final Senate action on the bill. Democrats said GOP leaders were twisting arms to round up enough votes to defeat an amendment offered by Paul S. Sarbanes, D-Md., and Patrick J. Leahy, D-Vt., that would prevent investment banks that have served as underwriters to a company's securities from playing a major role in advising the firm's creditors in bankruptcy filings. John W. Warner, R-Va., was a cosponsor of the amendment, but a Democratic aide said GOP Senate leaders have "almost broken Senator Warner's arms off" to get him to drop his support for it. A Senate Republican aide said Warner was distancing himself from the amendment, which is supported by the Securities and Exchange Commission. Votes on the amendment and on passage of the bill are still expected later today.

Stay tuned to find out.

[Update 4:08 PM Pacific]: The bill passed 74-25.

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By the way, if posting is sporadic today, it's Blogger.com's fault, not mine. I'm having some real issues with their server right now. -- Jonathan