Financial Bailout Bill Failing in House

Business | Mon, Sep 29, 2008 at 10:55:52 am PDT

It looks like the bailout bill will not pass the House, and the Dow dropped more than 600 points on the news. It’s recovering now, and is down about 400 as we write.

The bill needs 217 votes to pass, and the vote is 207 yea, 226 nay with 0:00 time remaining.

Correction: the vote is still open, although the time remaining has expired. Apparently Nancy Pelosi is twisting arms, trying to get enough representatives to change their votes so it will pass.

UPDATE at 9/29/08 11:21:26 am:

Voting’s over — no deal.