[cnn-photo-caption image=http://i2.cdn.turner.com/cnn/2008/images/10/03/bailoutbailout.copy.jpg caption="President Bush signs the Emergency Economic Stabilization Act of 2008"]
House lawmakers held their noses and swallowed a bitter pill today, approving a revised bailout bill, 263-171. Less than two hours later, President Bush signed the measure into law. The plan allows the Treasury Secretary to buy as much as $700 billion in troubled assets. It’s designed to kick-start lending by unfreezing credit markets – but will it work? We’ll spend a lot of time talking about that tonight. We’ll also look at how the bill’s supporters sweetened the deal to get the votes they needed. Just four days ago, the House rejected the original bill. Did lawmakers put lipstick on a pig? John McCain and Barack Obama gave their spin on the trail today. We’ll hear what they had to say.
Tonight’s other big story is the vice presidential debate, which turned out to be a blockbuster. An estimated 70 million people watched – the biggest audience ever for a V.P. debate. Did it change the race? Which candidate came out ahead? And who strayed from the truth the most? The best political team on television weighs in.
We’re curious about your take on last night’s debate and the bailout. Let us know what you think. See you at 10 p.m. eastern.
Filed under: The Buzz
Anderson Cooper goes beyond the headlines to tell stories from many points of view, so you can make up your own mind about the news. Tune in weeknights at 8 and 10 ET on CNN.
Questions or comments? Send an email
Want to know more? Go behind the scenes with