Bailout bill slapped aside; record stock plunge (AP)

House Speaker Nancy Pelosi,D-Calif., is seen during a news conference on Capitol Hill in Washington, Sept. 29, 2008, after the House failed to pass the  bailout package. (AP Photo/Lawrence Jackson)AP – In a vote that shook the government, Wall Street and markets around the world, the House on Monday defeated a $700 billion emergency rescue for the nation’s financial system, leaving both parties’ lawmakers and the Bush administration scrambling to pick up the pieces. Dismayed investors sent the Dow Jones industrials plunging nearly 800 points, the most ever for a single day.

This entry was posted on Monday, September 29th, 2008 at 4:59 pm and is filed under Republicans. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

 

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