Second Times A Charm: House Passes Bailout

WASHINGTON (AP) - Congress has passed complex and highly
criticized legislation authorizing $700 billion in government money
to shore up the nation's stressed financial industry.
The 263-171 vote by the House sends the Senate-passed version to
the White House for President Bush's signature. Among many
features, the measure would allow the Treasury Department to buy up
bad debt from various lending institutions.
Many members of the House voted for the bill even though said it
was very attractive to them and to their constituents back home.
The measure had been defeated in the same chamber on Monday,
sending stocks on Wall Street into a record slide.
Announcement of the vote was greeted by applause.

(Copyright 2008 by The Associated Press. All Rights Reserved.)