Monday, October 06, 2008

Representatives from the most rural congressional districts voted for the financial bailout bill

A look at the votes on the bailout of the U.S. financial system shows that among the representatives from the 25 most rural districts, 15 supported the revised bill, reports Julie Ardery of the Daily Yonder.

After the defeat of the original bill in the House, the revised bill saw two rural representatives change their vote to yes: Democrat Peter Welch of Vermont and Republican Bill Shuster of Pennsylvania. They cited key additions, including increased federal deposit insurance, more oversight, potential benefits for taxpayers, and the breaking of the $700 billion bailout into installments. (Read more)

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