House Rejects Bailout Package, 228-205; Stocks Plunge – NYTimes.com


In a moment of historic import in the Capitol and on Wall Street, the House of Representatives voted on Monday to reject a $700 billion rescue of the financial industry. The vote came in stunning defiance of President Bush and Congressional leaders of both parties, who said the bailout was needed to prevent a widespread financial collapse.

House Rejects Bailout Package, 228-205; Stocks Plunge – NYTimes.com.

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