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: Turks and Caicos Free Press | about 1 year agoCongress should instead accelerate the existing $25 billion already appropriated for the auto industry by amending the Energy Department's loan program, but only for those firms that make the difficult choices and do the restructuring necessary to...
- News Source: International Business Times | about 1 year agoThat's a sharp contrast to the big bank bailout, in which Congress and the Bush administration set few restrictions. Under the $700 billion financial rescue plan enacted last month, some large banks were even pressured by the administration into...
- News Source: Associated Press | about 1 year agoProspects dimmed on Monday for the $25 billion bailout that U.S. automakers say they desperately need to get through a bleak and dangerous December. Though all sides agree that Detroit's Big Three carmakers are in peril, battered by the economic...
- News Source: The Hill | about 1 year agoWhether ranking member of Chairman, John Dingell has always been a staunch ally of working men and women,” states the letter. “This isn’t anti-Waxman. This is pro-Dingell,” said Rich Michalski, general vice president of the union.
- News Source: Star Tribune | about 1 year agoJudging from the lobbying lineup, legislation to bail out the auto industry should be assured of passage. But it isn't, a case of conventional wisdom seemingly turned on its head as one administration gives way to another and an expiring Congress...
- News Source: Seattle Times | about 1 year agoSenate Democrats are proposing to deny bonuses to U.S. auto executives making more than $250,000 a year in exchange for giving the firms and their suppliers $25 billion in loans from the $700 billion Wall Street bailout. The companies would first...
- News Source: Voice of America | about 1 year agoU.S. lawmakers are considering ways to help America's struggling auto industry, which has suffered from rising fuel costs and the shrinking economy. Congressional Democratic leaders are scheduled to discuss the auto industry with the top U.S.
- News Source: United Press International | about 1 year agoCongress should pass free-trade agreements, especially one with Colombia, to help the economy, White House press secretary Dana Perino said Monday. "If they (members of Congress) really want to help the economy and jump-start jobs in our country, to...
- News Source: MarketWatch | about 1 year agoThe Treasury Department isn't likely to ask for Congress for authority any time soon to use the second half of the $700 Troubled Asset Relief Program, Treasury Secretary Henry Paulson said Monday in an interview with the Wall Street Journal. "I'm...
- News Source: Australian Broadcasting Corporation | about 1 year agoHowever, the White House says it would support letting the car companies use loans given to them to develop fuel efficient vehicles for more immediate needs.
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