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US House Minority Leader John Boehner (L)(R-OH), Rep. Eric Cantor (C)(R-VA) and Rep. Roy Blunt (R)(R-MO) make remarks to the press after the financial bailout package failed in a vote before the House of Representatives September 29, 2008 in Washington, DC. The House rejected the $700 billion rescue package, 228-205, after a weekend of intense negotiation. The Dow Jones Industrial Average plunged 700 points -- one of its biggest drops ever -- on the news and then swung wildly as investors tried to gauge the next step for the plan and the financial sector.
WASHINGTON - SEPTEMBER 29: (L-R) Rep. Adam Putnam (R-FL), House Minority Leader John Boehner (R-OH) and Rep. Eric Cantor (R-VA) leave after talking to the news media in the U.S. Captiol September 29, 2008 in Washington, DC. The House failed to pass the Emergency Economic Stabilization Act 205 nays to 228 yeas. Wall Street immediately reacted with the Dow Jones Industrial Average dropping by 700 points.
WASHINGTON - SEPTEMBER 29: (L-R) Rep. Adam Putnam (R-FL), Minority Whip Roy Blunt (R-MO), House Minority Leader John Boehner (R-OH) and Rep. Eric Cantor (R-VA) leave after talking to the news media in the U.S. Capitol September 29, 2008 in Washington, DC. The House failed to pass the Emergency Economic Stabilization Act 205 nays to 228 yeas. Wall Street immediately reacted with the Dow Jones Industrial Average dropping by 700 points.
WASHINGTON - SEPTEMBER 29: U.S. Rep. Eric Cantor (R-VA) holds up House Speaker Nancy Pelosi's statement while speaking to the media after the vote failed on the bailout situation on Capitol Hill September 29, 2008 in Washington DC. The House rejected the $700 billion rescue package, 228-205, after a weekend of intense negotiations. A new vote is scheduled for today but not before U.S. stocks plunged during mid-day trading.
WASHINGTON - SEPTEMBER 29: U.S. Rep. Eric Cantor (R-VA) holds up House Speaker Nancy Pelosi's statement while speaking to the media after the vote failed on the bailout situation on Capitol Hill September 29, 2008 in Washington DC. The House rejected the $700 billion rescue package, 228-205, after a weekend of intense negotiations. A new vote is scheduled for today but not before U.S. stocks plunged during mid-day trading.
WASHINGTON - SEPTEMBER 29: U.S. Rep. Eric Cantor (R-VA) holds up House Speaker Nancy Pelosi's statement while speaking to the media after the vote failed on the bailout situation on Capitol Hill September 29, 2008 in Washington DC. The House rejected the $700 billion rescue package, 228-205, after a weekend of intense negotiations. A new vote is scheduled for today but not before U.S. stocks plunged during mid-day trading.
House Minority Leader John Boehner, R-Ohio, at microphone, accompanied by, Rep. Eric Cantor, R-Va., left of Boehner, House Minority Whip Roy Blunt, R-Mo, third from right, and Rep. Adam Putnam, R-Fla, second from right, speaks to reporters on Capitol Hill in Washington, Monday, Sept. 29, 2008, after the House vote on the financial bailout package failed.
ST. PAUL, MN - SEPTEMBER 01: U.S. Rep. Eric Cantor (R-VA) waves during a sound check on day one of the Republican National Convention (RNC) at the Xcel Energy Center September 1, 2008 in St. Paul, Minnesota. The GOP will nominate U.S. Sen. John McCain (R-AZ) as the Republican choice for U.S. President on the last day of the convention.
ST. PAUL, MN - SEPTEMBER 01: U.S. Rep. Eric Cantor (L) (R-VA) points during a sound check on day one of the Republican National Convention (RNC) at the Xcel Energy Center September 1, 2008 in St. Paul, Minnesota. The GOP will nominate U.S. Sen. John McCain (R-AZ) as the Republican choice for U.S. President on the last day of the convention.
Former Massachusetts Gov. Mitt Romney, right, talks about the domestic policies of Democractic presidential candidate Barack Obama during a news conference in Denver on Tuesday, Aug. 26, 2008. Looking on are U.S. Rep. Marsha Blackburn, R-Tenn., left, and Eric Cantor, R-Va. Romney, a former McCain rival, has been mentioned as a potential John McCain running mate.
US Rep. Eric Cantor (R-VA) (R) holds a copy of a floor speech by House Speaker Nancy Pelosi (D-CA) at the US Capitol in Washington, September 29, 2008. The U.S. House of Representatives on Monday rejected a Wall Street bailout bill that would have authorized the Treasury Department to spend up to $700 billion to purchase soured mortgage-backed assets from banks with the goal of jump-starting stalled capital markets. Also pictured are House Minoity Leader John Boehner (R-OH) and Rep. Roy Blunt (R-MO) (2nd R).
WASHINGTON - JANUARY 5: U.S. President-elect Barack Obama (3L) and Vice President-elect Joe Biden (3R) meet with Democratic and Republican congressional leadership on Capitol Hill January 5, 2009 in Washington, DC. Congressional leaders included Senate Majority Leader Sen. Harry Reid (D-NV), Senate Minority Leader Sen. Mitch McConnell (R-KY), Senate Assistant Majority Leader Sen. Dick Durbin (D-IL), Senate Minority Whip Sen. Jon Kyl (R-AZ), House Speaker Rep. Nancy Pelosi (D-CA), House Majority Leader Rep. Steny Hoyer (D-MD), House Minority Leader Rep. John Boehner (R-OH), House Majority Whip Rep. Jim Clyburn (D-SC) and House Minority Whip Rep. Eric Cantor (R-VA). After arriving in Washington over the weekend with his family, Obama met with the Congressional leaders to begin work on an economic stimulus package that he hopes will include hundreds of billions of dollars worth of tax breaks for individuals and businesses.
U.S. House Minority Leader John Boehner (R-OH) (2nd L), Rep. Eric Cantor (R-VA) (C), Rep. Roy Blunt (R-MO) (3rd R) and Rep. Adam Putnam (R-FL) (2nd R) address their efforts to rally fellow Republicans to help pass a bill to provide a $700 billion bailout for the current financial and banking crisis, on Capitol Hill in Washington, October 3, 2008.
House Minority Whip Roy Blunt, R-Mo, at microphone, accompanied by House Minority Leader John Boehner, R-Ohio, Rep. Eric Cantor, R-Va., and Rep. Adam Putnam, R-Fla., speaks to reporters on Capitol Hill in Washington, Monday, Sept. 29, 2008, after the House vote on the financial bailout package failed.
House Minority Leader John Boehner, R-Ohio, left, listens as Rep. Eric Cantor, R-Va., holds up the text of the speech of House Speaker Nancy Pelosi, D-Calif, as he speaks to reporters on Capitol Hill in Washington, Monday, Sept. 29, 2008, after the House vote on the financial bailout package failed.