{"id":1489,"date":"2008-09-29T14:48:57","date_gmt":"2008-09-29T18:48:57","guid":{"rendered":"https:\/\/www.aroundfortwayne.com\/news\/?p=1489"},"modified":"2008-09-29T14:48:57","modified_gmt":"2008-09-29T18:48:57","slug":"breaking-the-house-defeats-bailout","status":"publish","type":"post","link":"https:\/\/aroundfortwayne.com\/news\/2008\/09\/29\/breaking-the-house-defeats-bailout\/","title":{"rendered":"Breaking: The House Defeats Bailout"},"content":{"rendered":"<p>I usually don&#8217;t cover events on a national scale, but I think this pretty important. \u00c2\u00a0There&#8217;s a new survey question today as well.<\/p>\n<p>From the Associated Press:<\/p>\n<blockquote><p>WASHINGTON &#8211; The House on Monday defeated a $700 billion emergency rescue package, ignoring urgent pleas from\u00c2\u00a0<span id=\"lw_1222713641_0\" class=\"yshortcuts\">President Bush<\/span>\u00c2\u00a0and bipartisan congressional leaders to quickly bail out the staggering financial industry.<\/p>\n<p>Stocks plummeted on\u00c2\u00a0<span id=\"lw_1222713641_1\" class=\"yshortcuts\">Wall Street<\/span>even before the 228-205 vote to reject the bill was announced on the House floor.<\/p>\n<p><!--more--><\/p>\n<p>[&#8230;]\u00c2\u00a0The fear in the financial markets send the\u00c2\u00a0<span id=\"lw_1222713641_10\" class=\"yshortcuts\">Dow Jones industrials<\/span>\u00c2\u00a0cascading down by as over 700 points at one juncture. As the vote was shown on TV, stocks plunged and investors fled to the safety of the credit markets, worrying that the financial system would keep sinking under the weight of failed mortgage debt.<\/p><\/blockquote>\n<p>\u00c2\u00a0<\/p>\n<p style=\"text-align: center\">[poll id=&#8221;14&#8243;]<\/p>\n<h3>Related Images:<\/h3>","protected":false},"excerpt":{"rendered":"<p>I usually don&#8217;t cover events on a national scale, but I think this pretty important. \u00c2\u00a0There&#8217;s a new survey question today as well. From the Associated Press: WASHINGTON &#8211; The House on Monday defeated a $700 billion emergency rescue package, ignoring urgent pleas from\u00c2\u00a0President Bush\u00c2\u00a0and bipartisan congressional leaders to quickly bail out the staggering financial [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[41],"tags":[],"class_list":["post-1489","post","type-post","status-publish","format-standard","hentry","category-happenings"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Breaking: The House Defeats Bailout - AroundFortWayne<\/title>\n<meta name=\"description\" content=\"I usually don&#039;t cover events on a national scale, but I think this pretty important. \u00c2\u00a0There&#039;s a new survey question today as well. From the Associated\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aroundfortwayne.com\/news\/2008\/09\/29\/breaking-the-house-defeats-bailout\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Breaking: The House Defeats Bailout - AroundFortWayne\" \/>\n<meta property=\"og:description\" content=\"I usually don&#039;t cover events on a national scale, but I think this pretty important. \u00c2\u00a0There&#039;s a new survey question today as well. 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