RALEIGH, N.C. (AP) -- Nine of North Carolina's 13-member congressional delegation have voted against a $700 billion emergency package for the country's financial sector.
All six North Carolina Republican House members were joined by Democratic Reps. Heath Shuler, G.K. Butterfield and Mike McIntyre in the no vote. The bailout package backed by President Bush sunk on a 228-205 vote in the U.S. House.
Concord Republican Rep. Robin Hayes said he voted against the package because it didn't include a provision preventing foreign banks and investment firms from receiving taxpayer money.
Rep. Virginia Foxx from Banner Elk said she couldn't support the plan because it would burden taxpayers for years and did not adequately address the causes of the financial market crisis.
(Copyright 2008 by The Associated Press. All Rights Reserved.)
To comment, the following rules must be followed:
Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.
Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Links require admin approval before posting.
Questions may be sent to firstname.lastname@example.org. Please provide detailed information.