News Source: United Press International
| about 1 year ago
U.S. automakers must spell out Congress how it would spend any bailout funds they are awarded, Democratic leaders said Thursday. Accountability and viability are key for any congressional consideration to help automakers, their workers and ancillary...
News Source: The Orange County Register
| about 1 year ago
We reject those who are advocating bankruptcy for the industry,’’ Pelosi said. But she added that she didn’t hear much from the Big Three CEOs who testified on Capitol Hill this week that showed they had a plan in place. Reid said it didn’t...
News Source: The Hindu
| about 1 year ago
The chief executives of Detroit’s Big Three automakers — General Motors, Ford and Chrysler — departed Washington empty-handed on Wednesday night after two days of pleading for a financial lifeline on Capitol Hill. As the hearings and intense...
News Source: Fox News
| about 1 year ago
Despite last minute wrangling, the auto industry won’t get much-needed funding from Congress. In a press conference Thursday, Senate Majority Leader Harry Reid (D-Nev.) said that despite bipartisan efforts to provide $25 billion in funding already...
News Source: The Tribune
| about 1 year ago
Jarred by new jobless alarms, Congress rushed Thursday toward keeping unemployment checks flowing through the December holidays and into the new year for Americans whose benefits are running out. Laid-off workers' new claims for jobless aid have...
News Source: Simi Valley - Moorpark Examiner
| about 1 year ago
Democratic leaders in Congress sidetracked legislation to bail out the auto industry Thursday and demanded the Big Three develop a plan assuring the money would make them economically viable. "Until they show us the plan, we cannot show them the...