国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

WORLD> America
US lawmakers pass historic bailout bill
(Agencies)
Updated: 2008-10-04 09:03

US President George W. Bush makes a statement in the Rose Garden after the House passed the $700 billion financial rescue legislation, October 3, 2008 in Washington.  [Agencies]

 

Rep. Barney Frank, D-Mass., the Financial Services Committee chairman, said the rescue bill was just the beginning of a much larger task Congress will tackle next year: overhauling housing policy and financial regulation in a legislative effort he compared to the New Deal.

"We were the EMTs rushing to the rescue of an economy that suddenly found itself choking, but now we have to perform more serious reform," Frank said.

Just four days earlier, the previous version of the bill was sent down to defeat, largely at the hands of angry conservative Republicans. On Friday, a total of 33 Democrats and 25 Republicans switched from opposition to support. In all, 91 Republicans joined 172 Democrats to support the measure while 108 Republicans and 63 Democrats voted "no."

The reversal reflected a high-stakes political environment just four weeks before Election Day. Some lawmakers were worried about their own jobs, but others, mostly Democrats, focused on the prospect that a new US president could have a far more significant effect on the economy than any one piece of legislation.

Several of the Democratic switchers were members of the Congressional Black Caucus who said they changed course after securing commitments from presidential candidate Barack Obama that he would back legislation to help struggling consumers and homeowners facing foreclosures if he wins the White House.

"It's not too often you get the future president telling you that his priority matches your priority," said Rep. Elijah Cummings, D-Md., one of 13 black lawmakers who switched from "no" to "yes."

Republican presidential candidate John McCain also lobbied for the measure, according to aides who declined to say whom he called.

Rep. Roy Blunt, R-Mo., the party vote-counter, said McCain phoned Rep. John Shadegg, a fellow Arizonan who switched to "yes."

The legislation's roller-coaster ride through Congress began at a somber meeting in Pelosi's office in mid-September, where Paulson and Federal Reserve Chairman Ben Bernanke frightened senior Democrats and Republicans with their warnings of an impending economic collapse without quick legislative action.

As lawmakers scrambled to draft a bill, they were barraged by angry calls from constituents to reject what many saw as a huge giveaway to the very financial institutions that helped cause the subprime mortgage meltdown at the root of the economic crisis, with nothing to help its ordinary victims.

无为县| 竹北市| 文昌市| 叙永县| 万安县| 左云县| 巴中市| 泰州市| 太仆寺旗| 昭苏县| 陆川县| 左权县| 南溪县| 黄山市| 崇信县| 汝城县| 台中县| 佳木斯市| 洛川县| 台前县| 门头沟区| 洪湖市| 工布江达县| 山丹县| 宁城县| 龙口市| 兴义市| 沙田区| 玉山县| 湟源县| 馆陶县| 龙泉市| 成武县| 文山县| 彭阳县| 黑龙江省| 琼海市| 江孜县| 嘉峪关市| 大名县| 固安县|