The bailout bill has failed in the House. The vote started at 1:30 and was supposed to have been completed quickly, but by a little after 2 PM, only 205 House members had backed the bill versus 228 against. The bill needed 218 to pass. Only 66 Republicans voted for it, with 132 against. Congressional leaders predicted they needed at least 80 supporters from the GOP and hoped to get 100. Among the Democrats, 141 backed the bill and 94 voted against. The Dow is now down around 500 points, after initially sinking 705 points on news that the bill was in trouble. Speaker Nancy Pelosi and Minority Leader John Boehner continued to wrangle to try to find the needed votes but it was unclear what would happen next.