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Festering animosity between the United Auto Workers and Southern senators who torpedoed the auto industry bailout bill erupted into full-fledged name calling Friday as union officials accused the lawmakers of trying to break the union on behalf of foreign automakers. ...more
December 12, 2008
Under mounting pressure to act, the Bush administration said Friday it was ready to step in and prevent the U.S. auto industry from collapsing after the Senate refused to pass a rescue bill endorsed by the White House and congressional Democrats. The most obvious source of help was the Wall Street bailout fund. ...more
December 12, 2008
A $14 billion bailout for Detroit's struggling Big Three has died in the Senate after failing on a procedural vote. ...more
December 12, 2008
A $14 billion rescue package for the nation's imperiled auto industry passed 237-170 in the House Wednesday night, but the emergency bailout was still in jeopardy from Republicans who were setting out roadblocks in the Senate. ...more
December 11, 2008
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