Bailout bill defeated, Dow Jones tumbles

Monday, September 29, 2008 | 8:34 p.m. CDT; updated 8:49 p.m. CDT, Tuesday, October 7, 2008

WASHINGTON — In a vote that shook the government, Wall Street and markets around the world, the House on Monday defeated a $700 billion emergency rescue for the nation's financial system, leaving both parties' lawmakers and the Bush administration scrambling to pick up the pieces. Dismayed investors sent the Dow Jones industrials plunging 777 points, the most ever for a single day.