house of representatives

The US House of Representatives has voted by 263-171 in favour of a $700bn (£380bn) plan to rescue the US financial sector.

The House of Representatives approved a $700 billion bailout package for U.S. banks, under pressure from all sides as the effort to head off a spreading financial crisis hung in the balance.

U.S. stocks climbed Tuesday in a partial recovery from the prior session's record rout amid cautious optimism that a rescue plan rejected by the U.S.

House of Representatives would be revived.

In a moment of historic drama in the Capitol and on Wall Street, the House of Representatives voted 228-205 to reject a $700 billion rescue of the financial industry.

Stocks plunged after the House of Representatives failed to pass a bailout proposal aimed at shoring up America's financial services industry.

President Drops Opposition To Law Granting Government Aid To Homeowners And Lenders. The House of Representatives passed legislation Wednesday that aims to help 400,000 strapped U.S. homeowners avoid foreclosures and prevent troubled mortgage giants Fannie Mae and Freddie Mac from collapsing.

A flurry of bills is in the works in the House of Representatives and the Senate that would rein in how those companies do business.

One proposed change that's triggered interest among lawmakers, particularly as the economy sours, would make it harder for college students to qualify for credit cards