Congress, White House seek compromise on $15 billion bailout for Big Three automakers
Stunned by the loss of 500,000 jobs, congressional Democrats and the White House reached for agreement Friday on about $15 billion in bailout loans for the beleaguered auto industry. President George W. Bush warned that at least one of the Big Three carmakers might not survive the current economic crisis. Several officials in both parties said a key breakthrough on the long-stalled bailout came when House Speaker Nancy Pelosi bowed to Bush's demand that the aid come from a fund set... Full Story
Contribute | Do you have more information about this topic? If so, please click here to contact the editors of ABC News.
29 Comments | Add Yours
