By JULIE HIRSCHFELD DAVIS
,
AP
posted: 2 HOURS 29 MINUTES AGO
comments: 45574
filed under: National News, Political News, Bailout Vote
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WASHINGTON (Oct. 3) - With the economy on the brink of meltdown and elections looming, a reluctant Congress abruptly reversed course and approved a historic $700 billion government bailout of the battered financial industry on Friday. President Bush swiftly signed it.
The 263-171 House vote capped two weeks of tumult in Congress and on Wall Street, punctuated by urgent warnings from Bush that the country confronted the gravest economic disaster since the Great Depression if lawmakers failed to act.
An Unprecedented Bailout
Charles Dharapak, AP
12 photos
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President George Bush signs a sweeping $700 billion bailout of Wall Street in the Oval Office on Friday, a move aimed at bringing some relief to the troubled financial markets.
,
AP
posted: 2 HOURS 29 MINUTES AGO
comments: 45574
filed under: National News, Political News, Bailout Vote
PrintShare
Text SizeAAA
WASHINGTON (Oct. 3) - With the economy on the brink of meltdown and elections looming, a reluctant Congress abruptly reversed course and approved a historic $700 billion government bailout of the battered financial industry on Friday. President Bush swiftly signed it.
The 263-171 House vote capped two weeks of tumult in Congress and on Wall Street, punctuated by urgent warnings from Bush that the country confronted the gravest economic disaster since the Great Depression if lawmakers failed to act.
An Unprecedented Bailout
Charles Dharapak, AP
12 photos
Previous
Next
President George Bush signs a sweeping $700 billion bailout of Wall Street in the Oval Office on Friday, a move aimed at bringing some relief to the troubled financial markets.
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