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House Passes Bailout Bill

Congress has authorized $700 billion in government money to shore up the financial industry.

WASHINGTON (AP) - Congress has passed complex and highly criticized legislation authorizing $700 billion in government money to shore up the nation's stressed financial industry.

The 263-171 vote by the House sends the Senate-passed version to the White House for President Bush's signature. Among many features, the measure would allow the Treasury Department to buy up bad debt from various lending institutions.

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