From the Wall Street Journal:
U.S. House of Representatives lawmakers wary of growing signs of the nation’s economic distress voted in favor of a $700 billion Wall Street rescue package on Friday, sending the biggest government intervention in the financial markets since the Great Depression to President George W. Bush for his signature.
The vote was 263 to 171.
Update: the Dow, which had been up over 200 points before the bill’s passage, has retreated to a mere plus 34. Buy on rumor, sell on fact?