A member of ALTADENA GROUP
CSIA Foundation

By JULIE HIRSHFELD DAVIS and DAVID ESPO

WASHINGTON —

Congress has passed complex and highly criticized legislation authorizing $700 billion in government money to shore up the nation's stressed financial industry.

The 263-171 vote by the House sends the Senate-passed version to the White House for President Bush's signature. Among many features, the measure would allow the Treasury Department to buy up bad debt from various lending institutions.

Many members of the House voted for the bill even though said it was very attractive to them and to their constituents back home. The measure had been defeated in the same chamber on Monday, sending stocks on Wall Street into a record slide.

Announcement of the vote was greeted by applause.

THIS IS A BREAKING NEWS UPDATE. Check back soon for further information. AP's earlier story is below.

WASHINGTON (AP) - The House has started a roll call vote on historic legislation providing $700 billion in government money to bring stability to reeling financial markets.

Member after member went to the well of the chamber to voice discomfort and displeasure with many aspects of the bailout legislation. But they also said said they would vote for it anyway. And nearly 30 who voted against it on Monday said they had changed their minds.

President Bush was ready to sign it into law, and the Dow Jones industrial average on Wall Street was up in early trading in anticipation of the climactic vote.

House Speaker Nancy Pelosi called it a vote for 'Mr. and Mrs. Jones on Main Street.'

 
  • 12th imam
  • 8 signs
  • 9/11
  • Absentee
  • absolutely
  • Achilles Heel
  • al-Awlaki
  • Al-Qaeda
  • Alinsky
  • Ammo
  • Amnesty
  • Awlaki
  • AWOL
  • Baby
  • Bailout
  • Bankrupt
  • Battle
  • Benghazi
  • bin Talal
  • Bio
  • Birth certificate
  • Black Panther
  • Budget
  • Bulb
  • CAIR
  • Caliph
  • Caliphate
  • Cartel
  • Census
  • China
  • Chinese
  • Christian
  • Cloward
  • Club-K
  • COIN
  • Condell
  • Constitution
  • Contractor
  • Conyers
  • Cordoba
  • Correctness
  • Corsi
  • Debt
  • Deficit
  • Deradicalization
  • Detention
  • Dhimmi
  • DHS Homeland
  • Dialog: East Coast - West Coast
  • Domestic
  • Earth
  • Economic
  • Economy
  • Egypt
  • Electoral College
  • Electromagnetic Pulse
  • eligibility
  • Executive Orders
  • Farrakhan
  • Fast and Furious
  • FBI
  • Federal Reserve
  • Food
  • Fraud
  • Gas
  • Gaubatz
  • Global
  • Global economy
  • Governor
  • Grover Norquist
  • Guardians
  • Gulen
  • Gun control
  • Hagmann
  • Hawala
  • Healthcare
  • Hezbollah
  • Hillsdale College
  • Hizb ut-Tahrir
  • HLF
  • Holy Land Foundation
  • Homegrown
  • homosexual
  • Immigration
  • Implant
  • Information Warfare
  • Iran
  • Iranian Revolutionary Guards
  • IslamBerg
  • Islamist
  • Jekyll
  • Jew
  • jihad
  • Libya
  • like to know
  • Mafia
  • Manipulating Perceptions
  • Marriage
  • Marxist
  • Mexico
  • Military
  • Missile
  • Moderate Muslim
  • Money laundering
  • Muslim Brotherhood
  • must read
  • Myrick
  • Nazi
  • net neutrality
  • Nuclear
  • Oath Keepers
  • oil
  • Open Society
  • Operation Fast and Furious
  • Panther
  • Patriot
  • PFLP
  • Phares
  • pitchfork
  • Policy
  • political correctness
  • Politicians
  • Power
  • Progressive
  • Rare earth minerals
  • Responsibility to Protect
  • Reza Kahlili
  • ROE
  • Root
  • Roy Beck
  • Rules of Engagement
  • Russia
  • Salafists
  • SCADA
  • Schools
  • Scout
  • Semper Fidelis
  • sharia
  • Shoebat
  • Sibel
  • social justice
  • Social Security Number
  • Socialist
  • Soros
  • Spending
  • Spies
  • Strategic
  • Stuxnet
  • Submarine
  • Sunni
  • Super-sized
  • survival
  • SWAT
  • Taliban
  • Taqiyya
  • Tawfik
  • Tax
  • Team B II
  • Treason
  • troubling
  • Truth
  • TSA
  • Unemployment
  • Uplift
  • USMC
  • Vallely
  • Vieira
  • Vote
  • Voter fraud
  • War
  • Weather Underground
  • WMD
  • Zero