http://news.yahoo.com/s/ap/20080929/..._meltdown_1483
WASHINGTON - The House has defeated the $700 billion bail-out legislation for the financial industry.
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More than enough members of the House had cast votes to defeat the Bush administration-pushed bill, but the vote was held open for a while, apparently as efforts were under way to persuade people to change their vote.
On Wall Street, stocks plummeted as investors followed the developments in Congress.
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