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House defeats $700B financial markets bailout

By JULIE HIRSCHFELD DAVIS

September 29, 2008
Herald-Star

WASHINGTON (AP) _ In a stunning vote that shocked the capital and worldwide markets, 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 without it.

 
 

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