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Define the 700 billion US bailout plan?
Much of it is still evolving. Suggest you review wikipedia under bailout plan.
What date was the 700 billion bailout passed?
The bailout was passed by the House of Representatives and signed into law by the president on Friday October 3, 2008.
What is the cost of government bailout?
Congress says 700 billion dollars, but no one knows for sure.
Do Americans have any vote in this 700 billion bailout?
Directly NO Indirectly YES (Because the people elected by the citizens of USE were the ones who created this bailout plan)
What will the 700 billion dollar bailout solve?
It will solve the economic crisis that has affected the US and the whole world
What is Hank Paulson's connection to the US government's 700 billion dollar bailout?
Henry (Hank) Paulson is the Treasury Secretary of the United States. He was formerly the CEO of Goldman Sachs. The massive $700 billion dollar bailout is his plan to help save the failing banks and lending institutions in the United States.
Should the US government cut spending after the 700 billion dollar bail-out goes through?
If the bailout package is able to successfully revive the US economy then the US government should cut spending on the bailout. But some financial experts feel this 700 billion may not be sufficient. If what they predict becomes true then the government would have to pump in more cash into the bailout package. This bailout cannot be left in midway because the future of the world and US economy lies predominantly on this bailout and people are hoping that this works out successful.
Will the 700 billion dollars for the bailout come from China?
The bailout did not get through Congress, but no, the money would come from the US taxpayers. Update: The bailout did pass, and the money is coming from the Treasury and Federal Reserve. This could be argued to suggest the money is coming from the taxpayers.
Where did the 700 billion dollar bailout come from?
For Vietnam, that wasn't a bail out; that was defense spending. And US tax payers pay for everything.
How did the president overrule the Senates vote on the auo bailout?
The bill that was defeated in the Senate was a 14 billion dollar rescue plan for the automakers. The President has no power to overrule a bill that is defeated in Congress. The 17.4 billion dollar assistance to the automakers will be a low interest loan drawn from the 700 billion "bail out" fund already passed by both Houses in October.
Is the bailout plan a 750 billion plan?
minus the 50 and you got $700 million because the legislature didn't want to go pass it.
How did they vote on the bailout plan?
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
