Congressional leaders and the Bush administration had announced they came to an agreement on the historic Bailout Plan . However, in a new twist today, the House rejected the agreed upon financial bailout.

The plan called for taking illiquid mortgage backed securities off the hands of lending institutions. Several elements of the plan have been intensely debated, including the amount of the plan, the government's role, the absence of oversight, limits on pay for executives of bailed-out financial institutions, and exactly how the plan will help struggling homeowners.  

No deal so far!