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President-elect Barack Obama Thursday appealed for agreement this week on a federal auto bailout as the Senate mulled a 14-billion-dollar government lifeline for the troubled industry. At a news conference, he reaffirmed that Washington "should
I'm glad the auto bailout failed, because it shows just how greedy the UAW is...What makes Thomas Friedman think he's an expert on every topic under the sun and why does the DDN continue to publish his columns? Anyone still touting "trickle-down"
But press reports indicate that the administration may have a bigger plan in mind, which would require the second $350 billion. That, in turn, requires the consent of Congress. Share this
Australian dollar was trading at $US0.6629/37, up from Friday's close of $US0.6568/76. During the weekend offshore session, the local unit traded between a low of $US0.6492 and a high of $US0.6641. Asian equity markets all closed lower on news the US
He refused to "confirm or knock down or otherwise read out our contacts or deliberations, timing or substance." General Motors, Ford and Chrysler - have warned that without a package of loans, millions of jobs could be lost, which would send ripple
Efforts to provide a federal bailout to U.S. automakers in Detroit have stirred resentment among non-union autoworkers in the U.S...The Bush administration has indicated it may dip into the $700 billion financial industry bailout funds appropriated
As the White House debated emergency funding for the Big Three automakers, most in Colorado's U.S. Congress delegation gave qualified support for helping the car companies. The Senate blocked a bailout bill, but the issue could still end up back in
The White House said it did not expect any announcement Sunday or Monday on a possible rescue plan to help the troubled U.S. auto industry, local media reported Sunday. The White House said earlier that it was considering using the 700 billion U.
The White House is weighing its options for an auto industry bailout package and has not made any decisions yet on how to proceed, a spokesman said Saturday. "We'll be focused on trying to get the policy right while considering the best interests of
The United Auto Workers union accused Republicans Friday of using politically-motivated "subterfuge" to undermine both Democrats and the union by scuttling a critical bailout of the automotive industry. UAW President Ron Gettelfinger warned that