Breaking: House Votes Against Bailout
The New York Times isn’t running the story yet, but CNBC is reporting that House Republicans have scuttled the $700 million bailout plan. However, all may not be lost. Per Clusterstock:
In the initial voting the bailout fell short by over a dozen votes from what it needed to pass in the House of Representatives today, shocking the market and Capitol Hill insiders.
House members, however, can change their votes until the vote has closed, according to a source on the Hill.
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