On passage, House Resolution 3997:
Yes = 206
No = 228
Not Voting = 1
The Financial Bailout Bill has failed to pass the House of Representatives. Rep. Frank told a reporter for CNBC that the Banking Committee will wait to assess the impact this has on the financial sector before bringing the bill back and reopening negotiations.
I was watching CNBC while flipping back and forth from it to C-SPAN; when the outcome was no longer in doubt the Dow Jones tanked 700 points; it's since come back and is now about 500 points down. Crude oil on the NYMEX actually fell 9 dollars.
So, I guess we wait and see what happens next.