Bailout plan ready for Vote next week
"Jolted by the loss of thousands of jobs, congressional Democrats and the White House reached for agreement Friday on about $15 billion in bailout loans for the beleaguered auto industry. President George W. Bush warned that at least one of the Big Three carmakers might not survive the current economic crisis." (AP via Yahoo)
Not a lot of details yet available, other than that this is purely a stop-gap loan meant to get automakers into next year and the next administration.
Not a lot of details yet available, other than that this is purely a stop-gap loan meant to get automakers into next year and the next administration.
Labels: bailout
posted by Dahcredyns at
5:45 PM
1 Comments:
There is also a good article on the NYTimes, which is on the front page of their online site as well, but you have to register to read that story.
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