Jump directly to the content

House passes bailout plan

The House of Representatives voted 263-171 today to pass the Senate's version of the $700 billion bailout bill, a plan some evangelicals told me they cautiously support.

The House voted against the plan on Monday, creating a steep decline in the markets. The Senate sweetened the deal, adding $150 billion in tax breaks and increased Federal Deposit Insurance Corporation coverage from $100,000 to $250,000. The bill would also bill would curb executive pay, provide relief from the Alternative Minimum Tax for another year, and set up oversight committees.

Update: President Bush signed the bailout bill.

Related Topics:Politics
Posted:October 3, 2008 at 12:40PM
Gleanings aggregates what others are reporting. Learn more.
Recent Posts
150 Million Bible Readers Were Searching for Love Most in 2014
Bible Gateway finds patterns in how the world searched and read the Bible this past year.
India Intervenes on Christmas Conversion of Thousands of Christians to Hinduism
In Modi era, are government officials finally reining in Hindu nationalists?
Korea's Christmas 'Psychological Warfare' Canceled After All
South Korean Christians reverse plan to light the North Korean border with holiday cheer.
Sorry Again, John 3:16: The World's 10 Most Popular Bible Verses of 2014
YouVersion studies which scriptures 164 million users shared and remembered most this year.
Christianity Today
House passes bailout plan