House plans second vote on bailout

AP:

After a week of tumult on Wall Street and Washington, the House moved toward a final vote Friday on a $700 billion bailout of the financial industry, an unprecedented government intervention designed to steady an economy on the brink.

Congressional leaders expressed quiet confidence they would have the votes to send the measure to President Bush for his signature by day's end, four days after an earlier version was rejected....

The Labor Department said initial claims for jobless benefits had increased last week to the highest level since the gloomy days after the 2001 terror attacks. That came on top of Thursday's Commerce Department report that factory orders in August plunged by four percent. And the government reported Friday that employers slashed 159,000 jobs from payrolls in September, the most in five years.

Eight more years, eight more years!