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Posted: 7:51 AM Sep 30, 2008
Lawmakers Promise Action After Failed Bailout
Members of congress today are trying to explain the house vote rejecting a $700 billion financial system bailout.
Reporter: Associated Press Email Address: news@nbc11news.com |
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Washington (AP) Members of congress today are trying to explain the house vote rejecting a $700 billion financial system bailout.
The rejection sent stocks down by a record level on Wall Street.
But Republican congresswoman Marsha Blackburn of Tennessee, who voted against it, says she still believes Republicans and Democrats can come together.
She tells CBS's “the early show” that something positive could happen by the weekend.
Democratic congressman James Moran of Virginia blamed Republicans for the bill's failure, saying the democrats “were willing to hold the vote open” so that people could change their minds.
When asked about scores of Democrats who also voted no, Moran replied that the Democratic caucus did not want to “own this bill.”
Republican Tom Price of Georgia, who voted against the bailout, says he thinks “it's important to get this vote right,” and protect taxpayers. He spoke on NBC's “Today” show.

