Republican group wants US bailout cut to $250 bln

WASHINGTON Thu Oct 2, 2008 3:46pm EDT

WASHINGTON Oct 2 (Reuters) - A group of Republicans in the U.S. House of Representatives said on Thursday they would seek an amendment to significantly reduce the size of a $700 billion Wall Street bailout package headed for a House vote soon.

Ohio Rep. Steven LaTourette said 23 Republican lawmakers will seek an amendment that would lower the amount the Treasury Department could spend on the bailout to $250 billion. (Reporting by Richard Cowan and Kim Dixon, editing by Richard Chang)

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