October 1, 2008
Posted: 01:52 PM ET

From
The House is expected to vote on the bailout bill Friday
The House is expected to vote on the bailout bill Friday

WASHINGTON (CNN) – The House of Representatives is expected to vote Friday on a massive plan to pump government cash into the lending industry, Democratic leadership aides told CNN Wednesday.

The House dramatically rejected an earlier version of the plan on Monday, dealing a stinging defeat to the White House and Congressional leaders, who had spent more than a week negotiating the deal.

Related: Bailout bill gets add-ons to lure votes

The Senate is voting on a new version of the bill on Wednesday, partly in order to increase pressure on the House to pass it.

Filed under: Congress



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