Automakers Appear Before Lawmakers to Convince Them of Need for Federal Bailout
Leaders of the automotive industry returned to Capitol Hill today to convince Congress that they need a massive loan to keep the industry on its feet.
At a Senate hearing Thursday, lawmakers quickly got down to business in discussing a $34 billion package with leaders of the auto industry. The auto industry submitted its proposal to lawmakers Wednesday, asking for even more money than it had last month.
"I think these plans still leave many questions unanswered," said committee chairman... Full Story
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