-UPDATE- HERE IS THE TALLY.
-UPDATE- THE BAIL OUT BILL HAS PASSED THE HOUSE BY A VOTE OF 263 to 171.
I’ll get the tally as soon as the House puts it on line.
HERE is a link to the Financial Services Committee with a text of the law. For better understanding it also contains a section by section synopsis.
Pelosi must think she has the votes, as she said earlier she would not bring the bill to the floor otherwise.
Posted at 1:07 PM ET, 10/ 3/2008
House Vote is Underway
For the second time this week, the House of Representatives is voting on an historic $700 billion bailout plan. In a stunning vote on Monday — and a stinging blow to the Bush administration — the House defeated the bill on a narrow vote. The market seems hopeful, with the Dow up more than 250 points today.
The Senate took up a similar measure on Wednesday and passed it. To lure wary senators, the Senate version added sweeteners such as tax cuts and a temporary bump, to $250,000, in the cap on federal insurance for bank deposits. From the Not Making This Up Department: The bill also repeals a 39-cent excise tax on wooden arrows for children.
Keep checking this blog for live reporting on the vote and the aftermath.
— Michael S. Rosenwald
Grab and Keel 
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