After a week of wrangling on Friday a far-reaching and historic plan to bail out the nation’s financial system was passed, CNN Money reports.

The vote for passage of the Senate-amended bill – 263 to 171 – was the result of strong lobbying on the part of the White House and other supporters of the bill all week, following the House defeat of a similar measure on Monday – a defeat that shocked the markets and congressional leaders on both sides of the aisle.

“By coming together on this legislation, we have acted boldly to prevent the crisis on Wall Street from becoming a crisis” that hurts the broader economy, said President Bush.

Bush said he would sign the bill as soon as gets it.
According to preliminary numbers, 172 Democrats voted in favor of the bill while 62 opposed it; and 91 Republicans voted for it and 108 voted against it.

“We came together to deliver this decisive victory for the American people,” Rep. Jim Clyburn, D-S.C.