World financial markets reeled and stunned lawmakers groped for their next move Monday after the House failed to approve a $700 billion bailout of the financial services industry.
The House on Monday defeated a $700 billion emergency rescue for the nation's financial system, ignoring urgent warnings from President Bush and congressional leaders of both parties that the economy could nosedive into recession without it.
Latest Comments
Which vehicle is the quintessential summer car?
Which vehicle is the quintessential summer car?
Obama, interviewer get testy on Fox
Obama, interviewer get testy on Fox
End in sight, Dems lobby health bill waverers
House leaders clash over parliamentary rule
House leaders clash over parliamentary rule
Where will the Dow Jones industrials end 2009?
Where will the Dow Jones industrials end 2009?
Bailout vote stuns Washington, markets