Financial Bailout Fails in the House

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The $700 billion financial bailout bill has just failed in the House, being voted down 227-206. House Republicans voted 2-1 against the bill. The Dow has been fluctuating, but has been off as much as 705 points. 

UPDATE: There will be no revote today. The House is breaking for the Rosh Hashanah holiday, which begins at sundown.

About the Author

Rich Miller is the founder and editor-in-chief of Data Center Knowledge, and has been reporting on the data center sector since 2000. He has tracked the growing impact of high-density computing on the power and cooling of data centers, and the resulting push for improved energy efficiency in these facilities.

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2 Comments

  1. Something has got to give...this didn't happen in the last week. Congress must come together to bail the economy out, lessons must be learned, rules must be put into place and some one must oversee and enforce these rules.....Enforcement must not be compromised!