Bailout Bill

On Oct. 3, 2008, the House of Representatives passed a $700 billion plan to shore up the U.S. financial system that included $107 billion in tax breaks for business and consumers. Fifty-eight members who voted against an earlier version of the bill switched their votes to pass H.R. 1424 (see full vote and full bill text). An overview of the legislation is below:

SOURCE: Senate Banking Committee, Bloomberg | The Washington Post - October 4, 2008

This Story Job Cuts Continue For Ninth Month Article \| Employers slashed jobs at the fastest rate in five years in September, marking the ninth consecutive month of job losses and providing another grim indicator of the deteriorating state of the U.S. economy, the government reported yesterday. Bush Enacts Historic Financial Rescue Bush: 'People Are Watching' House Vote Prosecutors Expected To Spare Wall St. Firms Bid for Wachovia: After Change In Tax Law, Wells Fargo Swoops In Data on Job Losses, U.S. Factory Orders Paint Bleak Picture Pinched and Watching Pennies Support Rallied as House Readies for Its Second Bailout Vote In Light of Crisis, Common Trading Practice Looks Risky Rescue Package May Not Fully Thaw Credit Markets Bailout Bill How the House Vote Shifted What Wells Fargo-Wachovia Would Look Like This Story Bush Enacts Historic Financial Rescue Article \| With evidence mounting that the nation faces a sharp economic downturn, Congress yesterday gave final approval to what may be the biggest government bailout in American history, authorizing the Bush administration to spend $700 billion to try to thaw frozen credit markets and prevent a deep... Rescue Sweetened With Tax Incentives Paulson Moves On to Nuts and Bolts of Rescue Making Money From a Meltdown New Law Seeks to Limit Executive Compensation Job Cuts Continue For Ninth Month Congress Approves $700B Bailout Legislation House Roll Call on Bailout Bill: 263-171 House Passes Bailout Bill Bailout Bill How the House Vote Shifted What Wells Fargo-Wachovia Would Look Like		TOOLBOX E-Mail This Save/Share + Digg Facebook Reddit Twitter myspace SOURCE: Senate Banking Committee, Bloomberg \| The Washington Post - October 4, 2008 ¬es=On Oct. 3, 2008, the House of Representatives passed a $700 billion plan to shore up the U.S. financial system that included $107 billion in tax breaks for business and consumers. Fifty-eight members who voted against an earlier version of the bill switched their votes to pass H.R. 1424 (see full vote and full bill text). An overview of the legislation is below:" onclick="if ( typeof otto != 'undefined' ) { }" onmouseover="changebg2('delicious')" onmouseout="resetbg2('delicious')" target="new">del.icio.us SOURCE: Senate Banking Committee, Bloomberg \| The Washington Post - October 4, 2008 \'),\'newstrust\'+(new Date()).getMilliseconds(),\'dependent=no,scrollbars=yes,resizable=yes,alwaysRaised=yes,status=yes,directories=yes,location=yes,menubar=yes,toolbar=yes,width=430,height=750,modal=no\'));ntw.focus();'" onclick="if ( typeof otto != 'undefined' ) { }" onmouseover="changebg2('newstrust')" onmouseout="resetbg2('newstrust')">NewsTrust Stumble It! COMMENT 0 Comments Your browser's settings may be preventing you from commenting on and viewing comments about this item. See instructions for fixing the problem. Discussion Policy CLOSE Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. Finally, we will take steps to block users who violate any of our posting standards, terms of use or privacy policies or any other policies governing this site. Please review the full rules governing commentaries and discussions. You are fully responsible for the content that you post. Who's Blogging » Links to this graphic
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