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Democrats, White House clash on auto bailout

Source: AFP
Washington : DC : USA | 11 months ago  
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Views: 729
Democrats in Congress Monday launched a new multi-billion dollar drive to save the US auto industry, but the White House warned against draining funds from a huge finance industry bailout. Less than two weeks after Barack Obama's presidential election victory, Democrats and Republicans...
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  • News Source: Star Tribune | 11 months ago
    The head of Ford Motor Co. says the company is working hard to "transform our business" into a more profitable one that meets 21st century demands for fuel-efficient vehicles. Ford's chief executive officer, Alan Mulally, said he'll make that...
  • News Source: Truthdig | 11 months ago
    The Chief executives of the big three American car companies head to Washington Tuesday along with the head of the United Auto Workers to beg Congress for a bailout that seems less and less probable. Lawmakers are loathe to head back to the...
  • News Source: MarketWatch | 11 months ago
    U.S. stocks ended with sharp losses on Monday, nearing lows of last month, as Alcoa stumbled on a brokerage downgrade and as Citigroup said it would cut over 50,000 jobs. The Dow Jones Industrial Average fell 233 points, the Nasdaq Composite lost 34...
  • News Source: Miami Herald | 11 months ago
    The two top salesmen for a $700 billion financial bailout are in for a grilling by Capitol Hill lawmakers just one week after the administration officially ditched the original strategy behind the rescue. Yahoo Inc. founder Jerry Yang has never...

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