House of Representatives to vote on revised bailout

President Bush is lobbying members of the House of Representatives to pass the revised $700 billion bailout plan when they vote Friday. All five House members from Long Island voted yes on the first

News 12 Staff

Oct 3, 2008, 8:58 PM

Updated 5,761 days ago

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President Bush is lobbying members of the House of Representatives to pass the revised $700 billion bailout plan when they vote Friday.
All five House members from Long Island voted yes on the first plan.
"We have to pass this legislation," says Rep. Peter King (R-Seaford).
King's local Democrat colleagues acknowledge the legislation's controversy.
Rep. Steve Israel (D-Huntington) told News 12 Long Island finding a solution to the current economic crisis is the most complicated issue he's had to deal with in office. According to Rep. Carolyn McCarthy (D-Mineola), calls to her office on the rescue package are split 50-50.
An earlier version of the bailout was shot down Monday. After adding a number of tax-break sweeteners to the initial proposal, the Senate passed the current version 74-25 Wednesday.
The Dow dropped more than 300 points Thursday amid fears the House will not pass the bailout.
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