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White House Considers Help For Carmakers
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
Auto Bailout Collapses
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
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