Bid to Save GM, Chrysler Loans Dies in Senate

U.S. Senators killed an effort to rescue Detroit automakers Thursday night after a last-ditch attempt to renegotiate the deal died. The package was doomed on a 52-35 procedural vote, well short of the 60 votes needed to bring the bill to the floor for passage. "To all those within the sound of my voice: We have tried very, very hard to legislate for the automobile industry," Senate Majority Leader Harry Reid, D-Nev., said on the Senate floor before the vote. "I am very sorry we have not been...Full Story
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