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BREAKING NEWS: Bailout Vote Fails in House

The House of Representatives just voted down the $700 billion corporate finance bailout, despite earlier urging from President Bush to push the measure through. Look for in depth analysis from our very own John Berlau and the rest of the policy team as the day progresses. Read CEI's roundup of the continuing finance crisis (and sign up for email updates) here. NEW: John Berlau responds (and speaks!) in reaction to today's vote. Updated post and audio clip here.