Monday, September 29, 2008
U.S. stocks slide, Dow plunges 777 points, as bailout bill fails
Date: Mon, 29 Sep 2008 17:03:47 -0400
U.S. stocks slide, Dow plunges 777 points, as bailout bill fails
U.S. stocks slide, Dow plunges 777 points, as bailout bill fails
U.S. stocks sink, with the Dow Jones Industrial Average plunging as much
as 700 points, with legislators in the House of Representatives
rejecting the government's $700 billion rescue plan for the financial
sector.
House rejects U.S. $700 billion rescue package
House lawmakers vote to reject the historic $700 billion financial
rescue plan, a sharp blow to the administration and bipartisan leaders
in Congress who warn that the country is on the brink of an economic
precipice.
Treasury unveils money-market support plan
The Treasury Department releases details about its guarantee program for
money-market funds, expanding on the announcement it first made during a
run on the funds.
