NEWS YOU WON'T FIND ON CNN

  Send Page To a Friend

House Rejects $700 Billion Rescue Plan

29/09/08

The U.S. House of Representatives on Monday defeated a $700 billion emergency rescue package, ignoring urgent pleas from President Bush and bipartisan congressional leaders to quickly bail out the staggering financial industry.

The measure failed on a vote of 205 to 228. Voting against the measure were 95 Democrats and 133 Republicans. Stocks started plummeting on Wall Street even before the final vote was recorded.

The Bush Administration and Congressional leaders urged passage saying the credit markets have seized up and the package was needed to keep the economy moving. Opponents for days, however, have questioned whether the rescue plan would even work, and were keenly aware that many in the public were against the measure.

Click on "comments" below to read or post comments

  Comment (0)

Comment Guidelines
Be succinct, constructive and relevant to the story. We encourage engaging, diverse and meaningful commentary. Do not include personal information such as names, addresses, phone numbers and emails. Comments falling outside our guidelines – those including personal attacks and profanity – are not permitted.
See our complete
Comment Policy and use this link to notify us if you have concerns about a comment. We’ll promptly review and remove any inappropriate postings.

Send Page To a Friend

In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. Information Clearing House has no affiliation whatsoever with the originator of this article nor is Information ClearingHouse endorsed or sponsored by the originator.)

 

Email Newsletter icon, E-mail Newsletter icon, Email List icon, E-mail List icon

 Sign up for our Daily Email Newsletter

 

 Please help  Support   Information Clearing House

One-Time Donation
 
$
Recurring Monthly Donation
 
$
Thank you for your support

HOME

COPYRIGHT NOTICE