IT's now happening, the ball is rowling, let's hope the get as...

IT's now happening, the ball is rowling, let's hope the get as strike!

U.S. House Clears Way to Pass New $700 Billion Plan (Update1)

By Laura Litvan and Brian Faler

Oct. 3 (Bloomberg) -- The U.S. House of Representatives cleared the way to complete action on a Senate-passed $700 billion financial-market rescue package that was refashioned to entice enough votes for passage.

By a vote of 223-205, the House prevented members from offering amendments that could snarl the proceedings. The tally signaled the plan has enough support to clear Congress and be sent to President George W. Bush to be signed into law.

At least 12 House members said they will drop their opposition to the plan and support it. The measure failed by a dozen votes earlier this week. The House roll call was scheduled for early this afternoon.