Washington ? A day after an emergency financial rescue plan collapsed in the House of Representatives, the Senate scheduled a vote today on an amended plan that includes tax cuts for businesses and renewable energy, a higher ceiling on federal bank deposit insurance and a fix to the alternative minimum income tax that forces millions of Americans to pay higher individual income taxes.

Money bills ordinarily originate in the House, and the Senate’s plan to act first, coupled with the tax cuts and the increase in federal deposit insurance, is likely to add to the pressure on the House to approve the measure or else shoulder all the blame for refusing to do so.

The new bill, announced by Senate Majority Leader Harry Reid, D-Nev., and Minority Leader Mitch McConnell, R-Ky., would raise the cap on federally insured bank deposits from $100,000 to $250,000, a move that Sens. Barack Obama and John McCain both endorsed Tuesday. Both presidential candidates also said they’d return to Washington for the vote.

As phone calls flooded Capitol Hill switchboards – many from constituents whose stock-based retirement accounts were hammered by Monday’s 778-point plunge in the Dow Jones Industrial Average – lawmakers displayed a more conciliatory tone Tuesday as they regrouped after the House’s surprise rejection of the administration’s bailout plan.

President Bush, in a televised statement to the nation, renewed his call for congressional action, despite the House vote that handed him one of the worst defeats of his presidency.

“I’m disappointed by the outcome, but I assure our citizens and the citizens around the world that is not the end of the legislative process,” Bush said. Stocks surged upward Tuesday, with the Dow Jones average climbing 485 points, brightening the mood of lawmakers as they looked for compromise.

On Capitol Hill Tuesday, the House was in recess for the Jewish holiday Rosh Hashanah while the Senate remained in session but took no votes to allow Jewish members to observe the holiday.