House Defeats $700B Bailout Package; Stock Market Plummets - KAIT Jonesboro, AR - Region 8 News, weather, sports

Washington (AP)

House Defeats $700B Bailout Package; Stock Market Plummets

WASHINGTON (AP) - The House on Monday defeated a $700 billion emergency rescue package, ignoring urgent pleas from President Bush and bipartisan congressional leaders to quickly bail out the staggering financial industry.

Stocks started plummeting on Wall Street even before 228-205 to reject the bill was announced on the House floor.

We'll have full coverage tonight on Region 8 News at Five, Six, and Ten, plus updates as they occur on kait8.com

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