Bid to revive Bush rescue plan after shock 'No' vote

US political leaders will go “back to the drawing board” and try to revive a €487bn financial rescue package today after Wall Street shares plunged to record lows as the Bill was rejected.

The Dow Jones index of blue chip firms fell by 778 points to 10365.45 – the largest one-day point drop on record – as the lower house of the US Congress voted against the Bill yesterday.