U.S. Senate leaders scheduled a quick vote on a financial industry bailout plan they hope will be more palatable for opponents.

After the U.S. House of Representatives rejected a $700 billion Wall Street rescue package this week, Senate leaders met to craft a compromise bill, which includes provisions designed to garner more support from House Republicans but which also could alienate some Democrats, The New York Times reported.

"It has been determined, in our judgment, this is the best thing to move forward," Senate Majority Leader Harry Reid, D-Nev., said in announcing the Wednesday vote.

Reid wouldn't release the details of the Senate plan but sources told the newspaper it will include more than $100 billion in targeted business tax breaks that wouldn't be offset by spending cuts elsewhere, something favored by many Republican lawmakers but long opposed by conservative Democrats.

The two major-party U.S. presidential nominees, Sens. John McCain, R-Ariz., and Barack Obama, D-Ill., said they would return to Washington for the vote.

The Senate bill would also include a one-year increase in Federal Deposit Insurance Corp. caps for bank and credit union accounts, The Washington Post reported.