Obama may back bigger auto bailout

Nov 06, 2008 | 12:21 PM | Martyn Chase

President-elect Barack Obama may support an additional $25 billion of "bridge" financing to the nation's automakers on top of the $25 billion already cleared, sources said.

Word of Obama's possible backing came as the chief executives of the Big Three Detroit-area automakers arrived on Capitol Hill for a late afternoon meeting Thursday with House Speaker Rep. Nancy Pelosi (D., Calif.) and other congressional leaders to discuss how aid....





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