$700B bailout plan finalized; House to vote Monday
Congressional leaders have released final legislation to create a $700 billion bailout of the financial markets.
The House plans a vote on the rescue bill Monday. The Senate is expected to follow later this week.
The rescue is the largest government intervention in financial markets since the Great Depression. It would let the government take over huge amounts of devalued assets from beleaguered financial companies in hopes of unlocking frozen credit.
The Economic Times Business News App for the Latest News in Business, Sensex, Stock Market Updates & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.