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Congress Clears Hotly Contested Bailout Bill

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Old 10-03-2008
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Congress Clears Hotly Contested Bailout Bill
Congress passes 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.

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