Bailout passes

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The U.S. House of Representatives passed a revamped $700 billion financial bailout bill Friday amid increasing fears that the already sagging U.S. economy could collapse without it. The House voted 263-171 for the bill, which also incorporates a package of tax breaks for businesses, renewable energy development and the middle calss, and measures to increase bank deposit insurance. The bill was sent to President George W. Bush.

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