The House of Representatives has reversed its earlier decision to torpedo the American economy and passed the bailout bill today on its second try by a vote of 263-171. The bill is more-or-less the same as the version rejected on Monday, except for some minor adjustments, like an increase in the amount of personal savings that the government will insure, and old-fashioned pork inducements. Congressmen who switched their votes cited increased urgency in the economy over the past week.
Read it at The New York Times
