November 18 year 2008 Stock Market The Big Threes
November 18 year 2008 Stock Market The Big Threes
Big Three automakers running out of time-
Detroit's Big Three automakers are running out of time in their quest to convince skeptical lawmakers that Congress should throw them a $25 billion lifeline.
Given the concerns, Democrats in the Senate discussed but rejected the option favored by the White House and GOP lawmakers to let the auto industry use a $25 billion loan program created by Congress in September -- designed to help the companies develop more fuel-efficient vehicles -- to tide them over until President-elect Barack Obama takes office.
Big Three automakers running out of time-
Detroit's Big Three automakers are running out of time in their quest to convince skeptical lawmakers that Congress should throw them a $25 billion lifeline.
Given the concerns, Democrats in the Senate discussed but rejected the option favored by the White House and GOP lawmakers to let the auto industry use a $25 billion loan program created by Congress in September -- designed to help the companies develop more fuel-efficient vehicles -- to tide them over until President-elect Barack Obama takes office.
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