In a vote that shook the United States government, Wall Street and financial markets around the world, the U.S. House of representatives Monday defeated a $700 billion emergency rescue for the nation's financial system, leaving both political parties and the Bush administration struggling to pick up the pieces. The Dow Jones industrials plunged nearly 800 points, the most ever for a single day.
[Pictured at top: U.S. President George W. Bush, looking less than confident, posed for photographers earlier today after hearing the news his financial bailout proposal, which he says is essential to prevent the U.S. economy from falling into a possible depression, was defeated by the House of Representatives, despite being significantly amended by a bi-partisan group of Democrat and Republican members before the vote.]
Stocks plummet in largest one-day point drop ever (AP)
Stocks plummet in largest one-day point drop ever (AP)
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