$700B bailout plan finalized; House to vote Monday

Congressional leaders have released final legislation to create a $700 billion bailout of the financial markets.

WASHINGTON: 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.
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Business News › News › International › $700B bailout plan finalized; House to vote Monday
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