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Lawmakers Try To Revive Rescue Plan - ENR | McGraw-Hill Construction

Publication Date: 01-OCT-08
Author: Tom Ichniowski with Craig Barner, Lucy Bodilly, Bruce Buckley, Scott Judy, Eileen Schwartz, Steven W. Setzer, and Debra K. Rubin
Format: HTML

    
Description:
After the House on Sept. 29 rejected a $700-billion federal lifeline for ailing financial firms, Democrats and Republicans angrily blamed each other for the outcome. But after the stock market took a nosedive, signals soon emerged on Capitol Hill that lawmakers were ready to try again. The outcome is being closely watched in the construction industry, which has been squeezed by tighter credit. If Washington does not come to the rescue, industry officials fear things will only get worse.
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