| Latest News on the Bailout! House has just passed the revised Bailout Package!
According to the AP, "With the economy on the brink and elections looming, Congress approved an unprecedented $700 billion government bailout of the battered financial industry on Friday and sent it to President Bush for his certain signature. The final vote, 263-171 in the House, a comfortable margin that was 58 more votes than it garnered on Monday. The vote capped two weeks of tumult in Congress and on Wall Street, punctuated by daily warnings that the country confronted the gravest economic crisis since the Great Depression if lawmakers failed to act.Bush was poised to make a statement on the historic vote."
Finally, the financial markets have something to cheer!
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