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Obama says Congress will produce bailout bill
what is going on?
1 Answer
- Anonymous1 decade agoFavorite Answer
I think the general consensus is that this bill needs to pass. Congress may argue about certain points of it, but eventually it will pass in some form.
That's what I keep reading at least.
The main reason it didn't pass this time is because no body wanted to be the one to vote for it - it's pretty unpopular with a lot of the voting public, and the entire house of representatives is facing reelection in just 5 weeks. They don't want to lose their seats.