Deal Could Give Automakers Up to $17B in Short-Term Loans
Congressional leaders are close to a deal to provide a $15-17 billion rescue for the Big Three automakers -- about half what industry leaders claimed was needed to save the companies.
The deal, which Congressional leaders believe will be supported by the White House, would provide a series of short-term loans to General Motors, Ford and Chrysler to help keep the companies afloat until March.
Though details are still being negotiated, a vote on the bill is expected next week.
The once-stalled... Full Story
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