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BREAKING: U.S. House Has Passed The Bail Out Bill

by Kyle Dylan Conner

That’s right! The house passed the $700 billion financial bailout bill in an effort to bring stability to reeling financial markets.

Prior to the official passing of the bill, member after member went to the well of the chamber to voice discomfort and displeasure with many aspects of the bailout legislation. But they also said said they would vote for it anyway. And nearly 30 who voted against it on Monday said they had changed their minds.

President Bush was ready to sign it into law, and the Dow Jones industrial average on Wall Street was up in early trading in anticipation of the climactic vote.

House Speaker Nancy Pelosi called it a vote for “Mr. and Mrs. Jones on Main Street.”

For more visit our partner CBS 3.


Posted in News on October 3rd, 2008

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