|
Updated: 9:12 PM Oct 3, 2008
Congress OKs Historic Bailout Bill
The 700-billion-dollar government bailout of the financial industry is headed to President Bush for his signature. Posted: 1:27 PM Oct 3, 2008 |
|
WASHINGTON (AP) - The 700-billion-dollar government bailout of the financial industry is headed to President Bush for his signature.
The House, which on Monday rejected an earlier version of the bill and sent stocks tumbling, approved it this time by a vote of 263-to-171. Senate approval came Wednesday night.
House Republican Leader John Boehner of Ohio says there's a "financial crisis" that would probably get worse without ongressional action. He said there could be "an economic slump like most of us have never seen."
And House Speaker Nancy Pelosi said the bill was needed to "begin to shape the financial stability of our country."
But even before the vote, the White House tried to dampen optimism about its immediate impact on the economy. A spokesman says it's not aimed at giving a boost to the economy, but only at preventing a crisis in the economy.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
| Gobble Gobble! Thanksgiving's surprising history, recipes, games and more in our special section. |
|
| 3 New Contests Contests, Lots of Prizes - Pro, SEC, FNF |
|
| Jeffers Pet Page Pet News, Care Tips, Shelters & Contests |
|
| Double Dollar Deals Save 50% from local merchants. |
|
| Durden Traffic Cams Click and see congestion on the Circle |
|
| Comcast.com Click to see where Comcast has the Wiregrass covered! |
|
- Injured Fort Hood Soldiers Have Alabama Ties
- Eufaula man says son wounded in Fort Hood shooting
- Florida Missing Mother and Daughter
- Elmore County Soldier one of wounded at Fort Hood
- Prayed-Filled Balloons Take Off to the Heavens
- Civilian officer who took down Ft. Hood gunman has military background
- Peanut Parade Showcases in Downtown Dothan
- Local Preacher Arrested on Sex Crimes with a Minor
- New Scam in Jackson Co., FL
- Normal Cholesterol Can Reduce Certain Cancer by 60%
Monday November 9

