A BAILOUT plan for the United States auto industry could include a Cabinet-level oversight board and a provision to withdraw the money if the companies fail to take steps to overhaul themselves.
Dec 2 - General Motors Corp., Ford Motor Co., and Chrysler LLC are presenting restructuring plans to Congress as they seek a $25 billion bailout that could help them survive the troubled economy. Detroit is...
Dec 2 - General Motors Corp., Ford Motor Co., and Chrysler LLC are presenting restructuring plans to Congress as they seek a $25 billion bailout that could help them survive the troubled economy. Detroit is...
WASHINGTON, Nov 19 - Prospects for a Congressional bailout of the U.S. auto industry faded further on Wednesday with little expectation that Democratic leaders would support a compromise...
U.S. auto executives warned Congress on Tuesday that their industry was teetering on the brink of disaster as they pleaded for a $25 billion aid package despite political opposition to another multibillion-dollar government bailout.
WASHINGTON, Nov 17 - The White House on Monday opposed Senate Democrats' proposal for a $25 billion bailout for the U.S. auto industry and urged instead that aid be provided through government loans already appropriated...
The administration of President George W. Bush ends in less than 10 weeks, and a delay in submitting a request to lawmakers would leave it to President-elect Barack Obama to tap remaining funds in the bailout fund...
WASHINGTON, Nov 12 - Lawmakers plan to question chief executives of stricken U.S. automakers on their pleas for an industry bailout, while the Bush administration responded coolly on Wednesday to an aid plan being shaped...
Members of Congress and Treasury Secretary Henry Paulson returned at the Capitol tonight to try to revive a $700 billion bailout plan that became the focus of partisan finger pointing and attacks...
Biggest government bailout in history raises plenty of questions of how and how much