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The chiefs of Ford, General Motors and Chrysler have begged Congress for a $25 billion lifeline, warning of broader peril for the American economy if the auto industry is allowed to suffer. Despite their pleas, the new rescue...
WASHINGTON (Reuters) - U.S. auto executives warned Congress on Tuesday that their industry was teetering on the brink of disaster as they pleaded for a $25 billion (16 billion pounds) aid package despite political opposition to...
WASHINGTON, Nov 18 (Reuters) - A proposed $25 billion bailout of U.S. automakers failed to gain traction on Tuesday in the Senate despite pleas from industry that failure to act could result in wholesale liquidation.
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Dow ends up about 150 after late surge NEW YORK - Wall Street rebounded Tuesday in another turbulent session after investors rushed back into the market when the Standard & Poor's 500 index tested a 2003 low. There was some...
A van drives down a street in the economically struggling Detroit, Michigan WASHINGTON (AFP) - The US Treasury said on Tuesday it would take time for the world's largest economy to begin to recover despite a massive financial...
Making Detroit a subsidiary of the Sierra Club. When is $25 billion in taxpayer cash insufficient to bail out Detroit's auto makers? That's the little-understood subplot of the Washington melodrama over a taxpayer rescue for...
