House GOP Leaders Endorse $700B Financial Bailout

By: Associated Press
By: Associated Press

WASHINGTON -- House GOP leaders say they support the $700 billion bailout for the financial industry and will try to get fellow Republicans to back it.

"Nobody wants to have to support this bill," said Rep. John A. Boehner, R-Ohio, the minority leader. But, he added, "I'm encouraging every member whose conscience will allow them to support this."

Senior House Republicans emerged from a lengthy closed-door meeting with rank-and-file lawmakers saying the bill was needed to avert an economic crisis. It's slated for a vote Monday.

It was opposition from within their ranks that nearly derailed the package late last week. Many GOP lawmakers believe the government shouldn't interfere in financial markets.

Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, Trolling or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to Please provide detailed information.

powered by Disqus
KBTX-TV Channel 3 4141 E. 29th Street Bryan, TX 77802 Phone: (979) 846-7777 Fax: (979) 846-1490 News Fax: (979) 846-1888
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 29870844 -
Gray Television, Inc.