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The First Draft, Friday, Dec. 19

Started by staff, December 19, 2008, 07:01:22 PM

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staff

The First Draft, Friday, Dec. 19
      


President George W. Bush threw a lifeline to the U.S. auto industry Friday.
 
The president announced a $17.4 billion government loan program for two ailing U.S. carmakers and gave them until March 31 to prove they can become viable.
 
“There’s too great a risk that bankruptcy now would lead to a disorderly liquidation of American auto companies,” [...]
         

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