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Sept. 22 (Bloomberg) -- U.S. stocks tumbled, led by banks, retailers and technology companies, as oil jumped 16 percent and investors speculated the Treasury's plan to buy toxic mortgage assets will fail to prevent a recession.
Cheney, Paulson Head to Hill to Soothe Lawmakers on Bailout
The White House is dispatching Vice President Dick Cheney to Capitol Hill Tuesday morning to help shore up support for the financial bailout of Wall Street.
Elsewhere in Congress, Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke, the architects of the bailout, will testify before the Senate Banking Committee about the rescue and its cost to taxpayers.
House conservatives are seething about the "big government" approach that they say President Bush is taking in the financial crisis. They don't like how much power it cedes to the Treasury or the price tag.
"(Cheney) is going to walk into a firing squad. I hope he brought his hunting rifle," an aide to one House conservative told FOX News.