U.S. Congress News

  • Medical allegations stir up north Ala. House race AP - Fri Oct 3, 4:16 PM ET

    HUNTSVILLE, Ala. - Retired doctor Parker Griffith's campaign to keep a north Alabama congressional seat held by Democrats for generations was going smoothly until his opponent released 20-year-old documents that accuse him of manipulating his cancer patients' radiation doses.

  • House votes to extend jobless benefits Reuters - Fri Oct 3, 3:23 PM ET

    WASHINGTON (Reuters) - The House of Representatives on Friday voted to give long-term unemployed workers at least seven weeks of extra jobless benefits.

  • House Speaker Nancy Pelosi (C) holds aloft the $700 billion financial bailout bill after she signed it, in an attempt to provide relief for the current financial and banking crisis, at the US Capitol in Washington, October 3, 2008. Also pictured are: Rep. Barney Frank (Back row, L-R), Rep. James Clyburn, Rep. Steny Hoyer, Rep. Rahm Emanuel and Rep. John Larson. (Jonathan Ernst/Reuters)
    Congress passes bailout, focus shifts to fallout Reuters - Fri Oct 3, 6:43 PM ET

    NEW YORK/WASHINGTON (Reuters) - The U.S. government enacted a landmark $700 billion bank bailout on Friday, but investors questioned whether it could contain a panic that began on Wall Street and spread to become a global financial crisis.

  • Historic bailout bill clears House Politico - Fri Oct 3, 2:27 PM ET

    Treasury’s $700 billion rescue plan for the financial markets cleared Congress and was promptly signed into law by President Bush, capping a remarkable 14 days in which lawmakers were thrust onto a world financial stage and asked to cope with an unprecedented government intervention just a month before the November elections.

  • President George W. Bush talks about judicial accomplishment and philosophy in Cincinnati, October 6, 2008. (Larry Downing/Reuters)
    Bush welcomes House approval of bailout bill Reuters - Fri Oct 3, 2:15 PM ET

    WASHINGTON (Reuters) - President George W. Bush welcomed the passage of a $700 billion financial rescue package by the House of Representatives on Friday and promised to sign the bill into law as soon as he receives it.

  • Wall Street ended its worst week in seven years with another tumble on Friday on fears that the $700 billion financial rescue package may not unblock credit markets and stave off a U.S. recession. (Graphics/Reuters)
    Stocks drop on economic concerns despite bailout Reuters - Fri Oct 3, 4:44 PM ET

    NEW YORK (Reuters) -Wall Street ended its worst week in seven years with another tumble on Friday on fears that the $700 billion financial rescue package may not unblock credit markets and stave off a U.S. recession.

  • Majority of House votes for bailout; vote continues Reuters - Fri Oct 3, 1:26 PM ET

    WASHINGTON (Reuters) - A majority of the House of Representatives on Friday has voted in favor of a $700 billion financial industry bailout bill.

  • U.S. House Begins Voting on Revised $700 Billion Plan Bloomberg - Fri Oct 3, 1:21 PM ET

    Oct. 3 (Bloomberg) -- The U.S. House of Representatives began voting on a Senate-passed $700 billion financial-market rescue package that was refashioned to entice enough votes for passage.

  • House begins vote on passage of bailout bill Reuters - Fri Oct 3, 1:10 PM ET

    WASHINGTON (Reuters) - The House of Representatives on Friday began voting on final passage of a $700 billion Wall Street bailout bill.

  • U.S. House Begins Voting on Revamped $700 Billion Rescue Plan Bloomberg - Fri Oct 3, 1:08 PM ET

    Oct. 3 (Bloomberg) -- The U.S. House of Representatives began voting on a Senate-passed $700 billion financial-market rescue package that was refashioned to entice enough votes for passage.

  • U.S. House Clears Way to Pass New $700 Billion Plan Bloomberg - Fri Oct 3, 12:35 PM ET

    Oct. 3 (Bloomberg) -- The U.S. House of Representatives cleared the way to complete action on a Senate-passed $700 billion financial-market rescue package that was refashioned to entice enough votes for passage.

  • Economists are split on whether there should be a U.S. style bailout plan for European banks even as most expect the credit crunch to last another six months to two years, a Reuters poll showed on Thursday. (Graphic/Reuters)
    House starts debate on bailout bill Reuters - Fri Oct 3, 12:25 PM ET

    NEW YORK (Reuters) - The House of Representatives was poised to vote on a $700 billion bailout package for U.S. banks, under pressure from all sides as the effort to head off a spreading financial crisis hung in the balance.

  • Democratic presidential nomineee U.S. Sen. Barack Obama, seen October 2, 2008, speaks during a rally at Michigan State University in East Lansing, Michigan. Several Democratic members of the House of Representatives Friday said calls from Obama helped convince them to switch their votes and back a 700 billion dollar Wall Street bailout.(AFP/Getty Images/File/Bill Pugliano)
    Democrats say Obama key in bailout vote switch AFP - Fri Oct 3, 12:15 PM ET

    WASHINGTON (AFP) - Several Democratic members of the House of Representatives Friday said calls from Barack Obama helped convince them to switch their votes and back a 700 billion dollar Wall Street bailout.

  • The U.S. Capitol building is seen on Capitol Hill in Washington, September 29, 2008. (Jim Bourg/Reuters)
    Bailout bill clears procedural hurdle in House Reuters - Fri Oct 3, 10:46 AM ET

    WASHINGTON (Reuters) - The House of Representatives on Friday passed a rule allowing debate and a final vote on a $700 billion Wall Street bailout bill.

  • U.S. House Clears Way for Vote on Revised $700 Billion Plan Bloomberg - Fri Oct 3, 10:42 AM ET

    Oct. 3 (Bloomberg) -- The U.S. House of Representatives cleared the way to complete action on a Senate-passed $700 billion financial-market rescue package that was refashioned to entice enough votes for passage.

  • U.S. House Begins Debate on Revised Rescue Plan Bloomberg - Fri Oct 3, 10:21 AM ET

    Oct. 3 (Bloomberg) -- The U.S. House of Representatives began debate on a Senate-passed $700 billion financial-market rescue package that was refashioned to entice enough votes for passage.

  • President George W. Bush arrives to speak about the economic rescue plan at the White House in Washington September 30, 2008. (Kevin Lamarque/Reuters)
    White House urges swift passage of bailout bill Reuters - Fri Oct 3, 9:53 AM ET

    WASHINGTON (Reuters) - The White House on Friday urged the House of Representatives to swiftly pass a $700 billion financial rescue package, saying it expects "much, if not all" of that amount to ultimately be recouped.

  • U.S. House Begins Debate on Revised $700 Billion Rescue Plan Bloomberg - Fri Oct 3, 9:23 AM ET

    Oct. 3 (Bloomberg) -- The U.S. House of Representatives began debate on a Senate-passed $700 billion financial-market rescue package that was refashioned to entice enough votes for passage.

  • Financial-Rescue Bill Gains Support Before House Vote Bloomberg - Fri Oct 3, 9:05 AM ET

    Oct. 3 (Bloomberg) -- Lawmakers in the U.S. House of Representatives who helped defeat a financial-market rescue package this week are reconsidering their votes amid signs the Wall Street crisis is spreading.

  • Bob Benenson's Jigsaw Politics: Uncoordinated Campaign Puts Congressional GOP at Precipice CQPolitics.com - Fri Oct 3, 1:26 AM ET

    The phrase "a week is a long time in politics" is one of the most oft-repeated cliches among folks who follow elections. If that's true, the past month must seem like an eternity for Republican strategists trying to prevent a second consecutive disaster in elections for the U.S. Senate and House.

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