Democratic leaders, conceding that their efforts to bail out America’s automakers stand no chance in Congress this week, are extending a final opportunity to the Big Three: Submit specific plans for getting the companies back on track and repaying the taxpayers, they offered, and Congress will return to Washington in More…
Detroit’s auto executives might be in Washington pleading for billions in taxpayer bailout cash, but that doesn’t mean they’re going to give up a lifestyle.
ABC News reported today that the CEOs of Ford, Chrysler and General Motors continue to travel on private jets, even as their companies More…
More than 50 years ago, when the head of General Motors said that what’s good for General Motors is good for America, few would have disagreed. But Tuesday, the company’s CEO couldn’t convince a panel of 21 senators that the idea still rings true.
Along with the heads of Ford More…
House Financial Services Committee Chairman Barney Frank (D-Mass.) said in no uncertain terms Wednesday that the $25 billion bailout being sought by America’s Big Three automakers would constitute just the first federal offering in what would be a much more expensive rescue plan. Asked by National Public Radio why More…
In a blizzard of partisan rhetoric, congressional leaders sparred Friday over whether America’s struggling auto makers should be the next benefactor in the lengthening series of federal bailouts.
Key Democrats have pushed furiously for an additional $25-billion infusion to help the sinking industry. Earlier this year, Congress More…
As the Wall Street bailout program morphs from one helping banks to one benefiting insurers and (perhaps) automakers, the Bush administration is having a hard time explaining what rules are dictating the process — and where it’ll draw lines of eligibility.
It’s an unlikely spot for a conservative White More…
rss