U.S. bailout bill survives key test vote in the House
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U.S. financial bailout bill survives key procedural vote in the House
2 hours, 18 minutes ago
By The Associated Press
WASHINGTON - Hotly contested legislation to bail out the reeling U.S. financial industry has survived a key test vote on the floor of the U.S. House of Representatives.
Members of the House voted 220 to 198 Monday morning to move the bill forward. They approved ground rules for its consideration in the chamber, including three hours of general debate and a final vote, likely by midday.
The initial action on the House floor came not long after President George W. Bush once again urged passage of the legislation.
--MORE--
Treasury Would Emerge With Vast New Power
I've watched the economy for 30 years. Now I'm truly scared
Trouble in Banktopia: Stop the "Banksters!"
U.S. financial bailout bill survives key procedural vote in the House
2 hours, 18 minutes ago
By The Associated Press
WASHINGTON - Hotly contested legislation to bail out the reeling U.S. financial industry has survived a key test vote on the floor of the U.S. House of Representatives.
Members of the House voted 220 to 198 Monday morning to move the bill forward. They approved ground rules for its consideration in the chamber, including three hours of general debate and a final vote, likely by midday.
The initial action on the House floor came not long after President George W. Bush once again urged passage of the legislation.
--MORE--