Democrats push for speedy auto rescue as woes mount
Nov 10, 2008 | 08:29 AM
| Martyn Chase
Congressional leaders are urging the Bush administration to back immediate financial aid for the nation's auto industry by tapping into the Treasury Department's $700-billion emergency financial rescue program.
Over the weekend, House Speaker Rep. Nancy Pelosi (D., Calif.) and Sen. Harry Reid (D., Nev.), the Senate majority leader, sent a letter to Treasury Secretary Henry M. Paulson Jr. asking him "to review the feasibility of providing temporary assistance to the automobile industry during the current financial crisis."....
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