Bailout Bill Stalls
Posted by Tom McFeely
Monday, September 29, 2008 4:48 PM
(KRT Illustrations)
Only hours after President Bush hailed a bipartisan agreement, the U.S. House of Representatives rejected a bill providing up to $700 billion to the battered U.S. financial system.
Speaking at the White House this morning, President George W. Bush called the bailout bill “an extraordinary agreement to deal with an extraordinary problem,” CNN reported.
Bush’s initial bailout proposal last... READ MORE
Filed under congress, economy, george bush, wall street crisis
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