Republican group wants U.S. bailout cut

WASHINGTON (Reuters) - A group of Republicans in the U.S. House of Representatives said on Thursday they would seek an amendment to significantly reduce the size of a $700 billion Wall Street bailout package headed for a House vote soon.

Ohio Rep. Steven LaTourette said 23 Republican lawmakers will seek an amendment that would lower the amount the Treasury Department could spend on the bailout to $250 billion (142 billion pounds).

(Reporting by Richard Cowan and Kim Dixon, editing by Richard Chang)