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Fox News: Congressional Leaders Work on $15B Loan Program for Auto Makers

Started by riky, December 08, 2008, 02:01:41 PM

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Congressional Leaders Work on $15B Loan Program for Auto Makers
     


White House and Democratic congressional negotiators were working Sunday night to finalize an emergency $15 billion loan program for the nation's auto makers that would require the companies to submit comprehensive restructuring plans to the government by March 31 and would subject each company to extensive government oversight in exchange for the help, a source close to the discussions told Fox Business.<img src="You are not allowed to view links. Register or Login" height="1" width="1"/><img src="You are not allowed to view links. Register or Login" height="1" width="1"/>
     

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