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Senate Passes $700 Billion Rescue Package

Senate Passes $700 Billion Rescue Package

Bailout Passed


By: Russell Bradley | WSPA-TV
Published: October 02, 2008
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WASHINGTON (AP) - The Senate has passed a $700 billion bailout for the financial industry aimed at preventing the economy from plunging into a recession. Democrats and Republicans teamed to approve the bill after sweetening it with tax breaks. The House plans to vote on it Friday.

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