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Posted: 8:38 PM Nov 19, 2008
Senate Cancels Vote on Doomed Auto Bailout
WASHINGTON (AP) - The Senate's top Democrat has called off a planned vote this week on a $25 billion auto industry bailout. Reporter: Associated Press Email Address: news@kbtx.com |
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WASHINGTON (AP) - The Senate's top Democrat has called off a planned vote this week on a $25 billion auto industry bailout.
Senate Majority Leader Harry Reid says he wanted to figure out some way to help Detroit's struggling Big Three but that efforts to do so had stalled.
The White House and congressional Republicans rejected Democrats' plan to dip into the $700-billion Wall Street rescue fund to finance loans to U.S. automakers.
A bipartisan group from auto industry states is working to cut a deal on a scaled-down aid package. Reid says if agreement can be reached, the Senate could still vote on it as part of a measure to extend jobless benefits.
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If the "big-wigs" won't give up their private jets, why should we give them more $$$ to waste? If the CEO's want to save their companys let them give up some the millions of $$ from their salaries. This bailout shouldn't be about the rich getting richer and the poor getting poorer.
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