October 3rd, 2008
01:50 PM ET
14 years ago

House passes bailout

[cnn-photo-caption image= http://i2.cdn.turner.com/cnn/2008/images/10/03/art.house.ap.jpg caption="The House passes bailout."]
NEW YORK (CNNMoney.com) - The House on Friday passed a far-reaching and historic plan to bail out the nation's financial system.

The vote for passage of the Senate-amended bill – 263 to 171 – was the result of strong lobbying on the part of the White House and other supporters of the bill all week, following the House defeat of a similar measure on Monday – a defeat that shocked the markets and congressional leaders on both sides of the aisle.

According to preliminary numbers, 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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Filed under: Congress
soundoff (184 Responses)
  1. Cheryl

    CNN~Can you please investigate the voter fraud going on in Ohio from the group, ACORN, and what involvement Obama may have/has. He has ties to that group. Please be FAIR and BALANCED and give people what they need which is UNBIASED reporting!
    Thank you….hope this gets posted

    October 3, 2008 03:19 pm at 3:19 pm |
  2. deb in az

    typical white person, im with you on this one.......democracy has died today.......we may as well rip up the constitution.......what they are doing is against our constitution and i wish a lawyer with a back bone would set up and challange this bill.....congress does not listen to the people that elect them..... maybe a law suit will matter......

    October 3, 2008 03:21 pm at 3:21 pm |
  3. Ryan in NJ

    I still say that the Fed should instead have loaned those homeowners the money themselves at a low say (3%) rate (like they give the banks) for an extended time.
    They would still make a ton of money over 30 years. And the economy would have been stimulated again! The taxpayers would have been spared and our country would have saved a bunch of cash.
    I'll bet the CEO's we bail out today will file for Chapter 11in 2 years and they will get record bonuses to boot!

    Oh Well, The Rich protect The Rich!
    Vote McCain because he understands the poor worker!

    October 3, 2008 03:21 pm at 3:21 pm |
  4. eds

    And without McCain sweeping in on a white stallion??? OMG

    October 3, 2008 03:21 pm at 3:21 pm |
  5. TJ

    For all of those ranting about "socialism": socialism has been alive and well in this country for quite some time - from the "gas and water socialism" of the Progressive Era, through the New Deal and into present day.

    All of you against "socialism" will no doubt be voluntarily returning your social security checks, refusing medicare, hauling your own trash to the dump and making your own electricity from now own?

    October 3, 2008 03:21 pm at 3:21 pm |
  6. Kay-Proud of Palin

    DOG GONE IT!!!!!!!!!!!!!!!!!!!!!!! WINK, WINK

    October 3, 2008 03:23 pm at 3:23 pm |
  7. Chris Santana-Rodriguez

    I am very gratefull that a plan was approved and there will be a solution for the big economic problem that we are facing. I hope the money that was provided will be used in a good cause.


    Chris Santana-Rodriguez

    October 3, 2008 03:23 pm at 3:23 pm |
  8. Bruce

    Did McCain really get his party to back him? No it was just the situation got out of control and they had no choice.

    Obama was able to get his party to support a bill thta none of them wanted but they put COUNTRY FIRST.

    October 3, 2008 03:24 pm at 3:24 pm |
  9. Judy Howard

    All I'm going to say is Sarah Palin doesn't not her behind from a hole in the ground without being coached. Even in this article she is still repeating her talking points. And you can bet she will not be doing anymore interviews for any reason.

    Our country is in the situation it is in because we choose to believe the rhetoric like Palin exbounds consistently – GW had a similar style, threw out the one-liners, smiled acted like – "aw shucks, I'm just a concerned, christian guy". Whatever. And now, the country is broke, we are in a war (from lies and misrepresentation), that we can't afford and the world thinks the US is pityful.

    Let us keep putting our heads in the sand.

    October 3, 2008 03:26 pm at 3:26 pm |
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