The House gave final approval today to the $700 billion bailout for our financial markets, authorizing what may be the most expensive government bailout in American history.
The vote was 263 to 171. In a sign of urgency surrounding the package, Congressional staff rushed the newly printed legislation into a news conference where Democratic leaders gathered after the vote and Speaker Nancy Pelosi, signed it at 2 p.m.
Within an hour, the legislation made its way to the hands of President Bush.
Mr. Bush said they had achieved something "essential to helping America's economy weather the financial crisis."
[Source: nytimes.com]
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