House Passes $700 Billion Bailout Package -- Ta-da!
U.S. Speaker of the House Rep. Nancy Pelosi (D-CA) (C) celebrates as she signs the H.R. 1424 Emergency Economic Stabilization Act of 2008 during a news conference as (L-R) Rep. Chris Van Hollen (D-MD), Rep. Barney Frank (D-MA), House Majority Whip Rep. James Clyburn (D-SC), House Majority Leader Rep. Steny Hoyer (D-MD), Rep. Rahm Emanuel (D-IL), and Rep. John Larson (D-CT) look on October 3, 2008 on Capitol Hill in Washington, DC. The House has passed the financial bailout bill 263 171. (Photo by Alex Wong/Getty Images North America)Following a late Wednesday vote that saw the financial bailout pass through the Senate with flying colors, the House today voted to pass the $700 billion bailout package.
The vote came just a few days after the House had rejected the bailout plan before details were hashed out and heavy lobbying from the White House and the senate encouraged some to switch their votes.
From CNN: "Republicans picked up 26 votes in favor of the bill among caucus members who'd originally voted against it on Monday, while Democrats picked up an additional 32 votes.
According to voting results, 172 Democrats voted in favor of the bill while 62 opposed it; and 91 Republicans voted for it and 108 voted against it."
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