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Page last updated at 21:38 GMT, Monday, 29 September 2008 22:38 UK

House votes down bail-out package

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Republican and Democrat leaders say they are determined to revive a $700bn (£380bn) rescue plan for the US economy.

On Monday, the House of Representatives threw out a compromise deal, prompting panic on Wall Street and sharp losses on the Asian stock markets overnight.

Jonathan Beale reports from Washington.

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