House Of Representatives Rejects $700 Billion Bailout Plan
Posted on September 29, 2008 at 20:03 PM EDT
The U.S. House of Representatives rejected on Monday legislation designed to rescue the nation’s troubled financial system. After three hours of debate on Capitol Hill, the shock vote of 228-205 against the measure sent the markets almost instantaneously into convulsions. The Dow Jones Industrial Average (^DJI) plunged 700 points - one of its biggest drops ever. [...]