by wildcherry on Sunday, November 8th, 2009 | Health, News | No Comments

The Democratic-controlled House narrowly passed landmark health care legislation Saturday night to expand coverage to tens of millions who lack it and place tough new restrictions on the insurance industry. Republican opposition was nearly unanimous.

The 220-215 vote (click here to see how each member voted) cleared the way for the Senate to begin a long-delayed debate on the issue that has come to overshadow all others in Congress.
A triumphant Speaker Nancy Pelosi likened the legislation to the passage of Social Security in 1935 and Medicare 30 years later. “Oh, what a night!” she proclaimed at the beginning of a press conference held after the vote. Obama issued a statement saying, “I look forward to signing it into law by the end of the year.”

“It provides coverage for 96 percent of Americans. It offers everyone, regardless of health or income, the peace of mind that comes from knowing they will have access to affordable health care when they need it,” said Rep. John Dingell, the 83-year-old Michigan lawmaker who has introduced national health insurance in every Congress since succeeding his father in 1955.

Read more at: http://www.huffingtonpost.com/2009/11/07/house-health-care-vote-br_n_349468.html&cp

Tags: Health Care, health care reform, Health Care Vote, Health Care Vote House, Health Care Vote In House, Health Care Vote Today, Health Care Votes, Health Vote, Healthcare Vote, House Health Care, House Health Care Bill, House Health Care Vote, House Healthcare Vote, House Of Representatives, House Of Representatives Vote, house of representatives vote results, house vote, House Vote Health Care, House Vote On Health Care, house vote on health care bill, how they voted on health care bill, Live Blogging House Healthcare Debate Nov. 7, roll call vote on health care bill, Stupak Amendment, Stupak Amendment Vote, vote on health care, vote on health care bill, who voted for health care bill

by bintangkecil on Friday, October 3rd, 2008 | Business, News | 1 Comment

The House passed a $700 billion bailout of the financial services industry Friday, reversing itself after members who voted to kill the measure earlier in the week came around to a Senate version that offered more protection for individual investors and small businesses.

Stocks were up sharply in anticipation that the measure could help thaw frozen credit markets.

After a week of reversals and intense lobbying, the measure ended up passing comfortably by a vote of 263-171. After seeing the bill go down to defeat Monday, House Speaker Nancy Pelosi, D-Calif., had said she would not let it come up for a vote Friday unless it was clear that it would pass.

White House spokesman Tony Fratto said President Bush would “like to sign it as quickly as possible — as soon as they get it to us.” House staffers said it would be sent to the White House as early as Friday afternoon for Bush’s signature.

Under the plan, the Treasury Department would be authorized to spend as much as $700 billion to buy bad mortgage-related securities, which have slowed and, in some cases, dried up the flow of credit.

The Senate dramatically changed the measure Wednesday, adding an additional $110 billion in additional tax breaks, incentives and other measures, including an expansion of coverage of individual bank deposits by the Federal Deposit Insurance Corp.

Read the full story from MSNBC …

More related stories:

House leaders were cautiously optimistic before the vote, but uncertainty over its fate lingered until the last minute. Many members said the bill wasn’t perfect but that action was needed to get the flow of credit going again and to help taxpayers.

House approves historic bailout package - Marketwatch

“The bottom line, the market is set up for a positive vote from the House, and we expect part of the market’s move up is in response to that,” said Fred Dickson, market strategist at D.A. Davidson & Co in Lake Oswego, Oregon.

Bank deal, bailout vote propel stock gains - The Reuters

Technorati Profile

Tags: $700 bailout plan vote, house approves bailout plan, house vote, house vote bailout, Nancy Pelosi, president bush to sign bailout plan, tony fratto

by wildcherry on Monday, September 29th, 2008 | Business, News, World | 7 Comments

Final vote Results

The Dow Jones Index down 777 points and Nasdaq fell more than 199 points (10%) while everyone in disbelieve that the House of Representatives choose “Nay” on the Bail out.
At this time i write the article, the vote is 207 “Yes” and 226 “Nay”. The votes still open meaning that anyone can switch their votes. But the number has been stuck at 207 for a while so we might as well starting to accept that this plan won’t go through. The majority of the “No” come from the Republicans party which only 66 members agree to the bail out plan.

Here’s the detail news report from reuters

“NEW YORK (Reuters) - Stocks extended losses on Monday, with the S&P 500 down more than 7 percent, on fears the U.S. House of Representatives was going to kill the $700 billion bailout bill as the vote came down to the wire.

The Nasdaq fell more than 6 percent. The bailout plan would have empowered Treasury to mop up bad mortgage debt from banks’ balance sheets to get them lending again.

Stocks were already lower on the day after Wachovia Corp became the latest major U.S. bank to succumb to the global credit crisis when it agreed to sell most of its assets to Citigroup.”

Click here for the rest of the story from reuters

MSnbc story

Stocks tumble as bail out plan fail

Bail out Bill fails

Tags: bailout, bailout plan details, bailout plan fails, bailout plan vote, bailout roll call, bailout vote, c span, congressional record, cspan, cspan.com, cspan.org, house vote, hr 3997, hr 7175, united house senate, us house, us house of representatives, us house of representatives members, wachovia buyout, wachovia securities