CBS Evening News - 2008-09-29
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Read a transcript preview of “CBS Evening News - 2008-09-29” from malgent, uploaded on 2025-09-14.
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Language: English (original, YouTube automatic captions)
[0:02] Tonight, a shocking defeat for the
[0:04] bailout plan. The
[0:05] >> yays are 205, the naysay are 228.
[0:09] The motion is not adopted.
[0:10] >> That sets off the biggest decline in
[0:12] stock prices ever. Republicans and
[0:15] Democrats are blaming each other, but
[0:17] what do they do now? I'm Katie Kurrick.
[0:20] Also tonight, a CBS News exclusive.
[0:23] >> Some Republicans have said, "You're not
[0:25] prepared. You're not ready for prime
[0:27] time." Sarah Palin and John McCain
[0:29] defend her credentials to be vice
[0:31] president.
[0:33] >> And this is how he was known.
[0:35] >> I'm back.
[0:37] >> But this is how he wants to be
[0:38] remembered. The legacy of Paul Newman.
[0:43] [Music]
[0:47] This is the CBS Evening News with Katie
[0:50] Kurrick reporting tonight from Columbus,
[0:52] Ohio.
[0:54] >> Good evening everyone. We came here to
[0:56] talk to John McCain and Sarah Palin and
[0:59] we'll have part of that exclusive joint
[1:00] interview later in the broadcast. But
[1:03] we're beginning with a stunning
[1:04] developing development in Washington,
[1:07] the defeat of President Bush's financial
[1:09] bailout plan. By a vote of 228 to 205,
[1:12] the House rejected the plan to have
[1:14] taxpayers spend as much as $700 billion
[1:17] to relieve banks of their bad mortgages.
[1:20] Wall Street watched the vote on TV and
[1:22] investors ran for the exits. The Dow
[1:25] plunged 777 points, the biggest 1-day
[1:28] drop ever. That amounts to 7%, the
[1:31] largest percentage loss since the market
[1:33] reopened after the 9/11 attacks. How did
[1:36] this happen and what happens next? We
[1:39] have extensive coverage, beginning with
[1:40] Bob War in Washington.
[1:43] >> Thank you, Madam Speaker.
[1:44] >> Democrats and Republicans tru