The House voted down the Bailout measure, 228-205. A significant number of both Republicans and Democrats voted no. The market is in a freefall after the news, down more than 550 points as of this writing. See MSNBC for details.
**Update: 30 minutes later, the Dow has dropped 673.74. Keep watching.** (2:29 CT)
**Update: The Dow closed down 777.68 points, its largest single day point decline ever. See here for more.**