Wash. Post: Congress Passes Bailout Package in Wee Hours 

by C. L. Cook

The Washington Post is reporting Congress passed in principle a bailout package for the troubled financial industry early Sunday morning.  

 

 

 

The so-called 'Bailout' is a controversial salve to the banking and investment sector, with no clear consensus on its effects on the economies of the United States, and beyond. Last week, Ohio congressman and former Democratic party presidential candidate, Dennis Kucinich spoke in the house against the deal. Meanwhile, in the shadow of the Bailout, congress is spending the weekend voting on a plethora of contentious bills.