Word: voting
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...candidate with the most riding on Monday's vote is McCain, who backed the concerns of conservatives in the House over the initial agreement. "John McCain stood up for House Republicans," said Representative Spencer Bachus, an Alabama Republican who was involved in early negotiations. "He stood up to the Administration. John McCain vastly improved this bill...
...majority of the House Republicans don't vote for the measure, McCain could lose political face. "If McCain cannot persuade them, it is hard to portray him as a leader," said Clyde Wilcox, a political science professor at Georgetown University...
...economy with $700 billion of US taxpayers’ money, this was a hasty modification on Congress’s part. Congress should not be afraid to reject Paulson’s flawed plan, as they fortunately have just done in a close 228 to 205 vote. This highlights Paulson’s incompetence to fix an economy that floundered under his oversight. Risking $700 billion and potentially over a trillion dollars of taxpayer money is enough incentive to act against the plan...
...fate of the $700 billion financial bailout bill is in limbo, following today's surprising and dramatic defeat of the delicately negotiated plan in the House, by a 228-205 vote. With the Dow Jones Industrial Average plummeting (it declined by more than 700 points), President Bush and congressional leaders vowed to bring the package back for another vote as soon as possible - probably later this week - but it was far from clear what they could do to make it any more palatable...
...Monday afternoon, Wall Street basically stopped trading to watch TV - mainly CNBC - to see how the House of Representatives would vote on the $700 billion bailout package. When it first started looking like the bill would fail, the Dow plummeted 389 points, or 3.6%, in just seven minutes. If it had continued at that pace for much longer, this would have been perhaps the most harrowing day in stock market history. It didn't, but things were still really, really bad. The Dow ended the day down 778 points, or 7%, and the S&P 500 - a better measure...