After a week of wrangling, lawmakers give final approval to historic $700 billion bailout.
NEW YORK (CNNMoney.com) -- The House on Friday passed a far-reaching and historic plan to bail out the nation's financial system.
The vote for passage of the Senate-amended bill - 263 to 171 - was the result of strong lobbying on the part of the White House and other supporters of the bill all week, following the House defeat of a similar measure on Monday - a defeat that shocked the markets and congressional leaders on both sides of the aisle.
"I applaud the action taken by the Congress," said Federal Reserve Chairman Ben Bernanke. "The legislation is a critical step toward stabilizing our financial markets and ensuring an uninterrupted flow of credit to households and businesses."
According to preliminary numbers, 172 Democrats voted in favor of the bill while 62 opposed it; and 91 Republicans voted for it and 108 voted against it.
Source, The $110 Billion in Tax Breaks
Nnys Note - Wanna see some random crap that's in the bill that has nothing to do with the economy at ALL?
Sec. 325 - Extension and modification of duty suspension on wool products; wool research fund; wool duty refunds
Sec. 402 - Permanent authority for disclosure of information relating to terrorist activities
Sec. 503 - Exemption from excise tax for certain wooden arrows designed for use by children
Sec. 601 - Secure rural schools and community self-determination program
PDF of the bill
PS. Jayne <3 lawl nice pic.