They all sat down together and talked about it.
House of Representatives :)
They voted on the bailout plan just like any bill passed by the government. When the Bill was initially introduced, it had been rejected by the US Senate on Sep 29th 2008. It was then amended and approved by the US Senate on Oct 3rd 2008. President Bush signed the bill into law within hours of its enactment, creating a $700 billion Troubled Assets Relief Program to purchase failing bank assets.. Without majority in the house the bailout would not have come into existence
Always in a Committee like all other bills, before starting as defined in the constitution, in the House of Representatives.
no, because the house has representatives based on population, and the senate has an equal number of representatives.
The House of Representatives
As of today (Oct 2, 2008) it is too early to say the plan failed. The bill as presented in the House of Representatives on September 29, 2008 did not have the necessary votes to pass. Various reasons have been given for its initial failure to pass, including the unpopularity of the bill among residents (as gauged by polls) and the lack of oversight. However, a revised bill now has passed the Senate as of Oct 1, 2008. See "bailout deal" under Wikipedia for additional details.
Now with Bill Moyers - 2002 Behind the Bailout was released on: USA: 26 September 2008
House of Representatives :)
They voted on the bailout plan just like any bill passed by the government. When the Bill was initially introduced, it had been rejected by the US Senate on Sep 29th 2008. It was then amended and approved by the US Senate on Oct 3rd 2008. President Bush signed the bill into law within hours of its enactment, creating a $700 billion Troubled Assets Relief Program to purchase failing bank assets.. Without majority in the house the bailout would not have come into existence
Tax Bill
The House of Representatives.
A bill can be sponsored by a member of the House of Representatives or a Senator. Bills can also be sponsored by both the Senate and the House of Representatives.
It is called a House bill.
All bills are supposed to start in the House of Representatives.
house of representatives can draft bills
yes
After the stock market plummeted after they rejected it the first time, there was more political pressure on them to take action the second time around. There were also "improvements" made to the bill which made it easier to stomach for some House members.When the House of Representatives voted down the bill on Monday September 29th, the US Stock Market collapsed, with the Dow Jones Industrial Average declining 780 points. This decline scared many representatives because they did not take the warnings from the administration seriously. The market reaction and the subsequent reaction from many individuals who lost over $1 trillion dollars in one day, convinced many who had voted against the bill to change their mind.