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Majority of House votes for bailout; vote continues

WASHINGTON
Fri Oct 3, 2008 1:26pm EDT

WASHINGTON (Reuters) - A majority of the House of Representatives on Friday has voted in favor of a $700 billion financial industry bailout bill.

Barack Obama

With the House vote continuing, more than 218 lawmakers in the 435-member chamber have now voted for the controversial bill. A final tally is expected soon and the measure is headed for passage unless enough lawmakers unexpectedly switch their votes to "no."

(Reporting by Richard Cowan and Kevin Drawbaugh, editing by Jackie Frank)
Barack Obama


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