US Congress rejects bailout plan
Posted on September 30, 2008 at 9:30 am.
Filed Under Business |
The US House of Representatives, in a stunning turnabout, has defeated a $US700 billion bail out plan. In total, 140 Democrats and 65 Republicans voted for the legislation, while 95 Democrats and 133 Republicans voted against. The legislation the administration promoted would have allowed the government to buy bad mortgages and other rotten assets held by troubled banks and financial institutions.
Subscribe to our RSS feed
Related Posts :
- Internet Fraud doesn’t Get the Attention
- New Funding for Iraq war
- US congress approval rating at low
- China behind Cyber Attacks
- Mobile Broadband Usage doubled in 2007
- Bailout a ‘blank check’, Obama
- One percent US population in jail
- Armed force recruiters asked to leave by City of Berkeley
- Beijing Olympics Medal Count.
- Young American Jews still attached to Israel,Study
bailout, congress, finance, US, wallstreet
Comments
Leave a Reply
