Bailout Vote: House vote rejects bailout bill
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The U.S. House today rejected an historic $700 billion bailout of Wall Street despite legislative leaders’ appeals to rank-and-file members that the bill was needed to save the U.S. economy from possible catastrophe.
The Dow immediately plunged as investors watched the dramatic House vote on television, but recovered a bit after the stunning developments.
After more than three hours of debate, the legislation was rejected by a 228-205 final vote...
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