Monday, September 29, 2008

House Rejects Bailout Plan

The House defeated H.R. 3397, the “Emergency Economic Stabilization Act (EESA)” today by a vote of 228-205 despite the Administration’s public endorsement of the bill earlier this morning. Although advocates for the bill believed that it would “squeak through with a slim majority,” the initial voting period indicated that the bill might not pass. While lawmakers are scrambling to pass a bailout plan in Congress, financial markets continue to drop with the Dow Jones industrials at a reported 550 point deficit.

Read here to view coverage of the EESA by the New York Times

View the final roll call voting record from the House.

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