The $700 billion bailout plan has failed. Yea: 205, NAY: 228. This is the biggest mess ever!
The House of Representatives today rejected a $700 billion plan to bail out the U.S. financial system, putting a roadblock in front of the largest government intervention in the markets since the Great Depression. The next steps were not clear, but supporters were scrambling to salvage the package. The Dow was down more than 600 points after the voting ended.