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Fox News: Auto Makers Search for a Lifeline After Bailout Bill Dies in Senate

Started by riky, December 12, 2008, 04:03:22 PM

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riky

Auto Makers Search for a Lifeline After Bailout Bill Dies in Senate
     


A $14 billion emergency bailout for U.S. automakers has collapsed in the Senate after the United Auto Workers refused to accede to Republican demands for swift wage cuts. Senate Majority Leader Harry Reid said he was "terribly disappointed" about the demise of an emerging bipartisan deal to rescue Detroit's Big Three.<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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