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Friday, November 21, 2008

Dems delay auto bailout vote, seek plan from Big 3 (AP)

House Speaker Nancy Pelosi of Calif., right, accompanied by Senate Majority Harry Reid of Nev. takes part in a news conference on the auto industry bailout, with fellow congressional leaders, Thursday, Nov. 20, 2008, on Capitol Hill in Washington. (AP Photo/Gerald Herbert)AP - The $25 billion rescue plan for the auto industry, desperately sought by Detroit's beleaguered Big Three, collapsed Thursday as Congress drew the line at one more bailout and Democrats said they wouldn't even consider it until the companies produced a convincing plan for rebuilding their once-mighty industry.




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[Source: Yahoo! News: Most Viewed - Posted by FreeAutoBlogger]

posted by hbk at 2:55 PM

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