The Week in Review: The House Bails on the Bailout But the Senate Revives the Rescue
by Heather Chapman (New York City) Labeled the ‘Hail Mary’ of bills, Congress’ revised $700 billion bailout plan was expected to be passed by the House of Representatives on Monday. Yet, despite all expectations, the House rejected the plan by a vote of 228 to 205—a mere 13 vote margin. Investors had been relying on […]