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Bailout bill clears procedural hurdle in House

WASHINGTON
Fri Oct 3, 2008 10:46am EDT

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The U.S. Capitol building is seen on Capitol Hill in Washington, September 29, 2008. REUTERS/Jim Bourg

WASHINGTON (Reuters) - The House of Representatives on Friday passed a rule allowing debate and a final vote on a $700 billion Wall Street bailout bill.

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With this procedural vote, the House is expected to begin general debate of the legislation, with a vote expected shortly thereafter.

(Reporting by Richard Cowan and Kevin Drawbaugh, editing by Gerald E. McCormick)
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