News Stories Related To: Democrats, White House clash on auto bailout
Source: AFP
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...
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- News Source: Star Tribune | about 1 year agoThe 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 | about 1 year agoThe 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 | about 1 year agoU.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 | about 1 year agoThe 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...
- News Source: The Washington Times | about 1 year agoPaulson Jr. on Monday signaled that he will leave at least half of the $700 billion Wall Street bailout fund for the incoming Obama administration to spend, as skeptical lawmakers received their first update on the massive rescue plan approved last...
- News Source: The Journal Gazette | about 1 year agoSen. Richard Lugar, R-Ind., is skeptical about a rescue package for the U.S. auto industry. Sen. Evan Bayh, D-Ind., wants strings tied to any government aid and that using money from the financial sector bailout is the quickest way to prop up the Big...
- News Source: Toronto Star | about 1 year agoOntario will team up with Ottawa on a visit to Washington to get the "lay of the land" regarding a U.S. bailout of the auto industry. The federal and provincial governments are on the same page when it comes to salvaging the battered sector, Ontario...
- News Source: CNSNews.com | about 1 year agoLeaders in both parties support using federal dollars to help the beleaguered U.S. auto industry. White House Press Secretary Dana Perino said Monday. “But we do have an entire pot of money, $25 billion that is specifically for the automakers.
- News Source: CNSNews.com | about 1 year agoSenate Republican leadership is being mum about the proposed $25 billion bailout of the auto industry. Sen. Mitch McConnell (R-Ky.), the minority leader of the Senate, on Monday declined to comment when asked how many Republicans he thought would...
- News Source: Australian Broadcasting Corporation | about 1 year agoThe Democrats want to shore up the industry using funds from the Government's bailout package. White House spokeswoman Dana Perino says that plan would not require car makers to make the hard decisions needed to restructure. "The companies would need...
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