Time Short, Congress Tries to Seal Auto Deal

By: Associated Press
By: Associated Press

WASHINGTON -- Democratic congressional leaders are racing against time to seal a deal with the White House that would pull Detroit's Big Three automakers from the brink of collapse. And they've dispatched aides to hammer out details of an emergency $15 billion aid package.

Votes on the plan are expected in the week ahead.

According to congressional officials and others close to the talks, the emerging measure would speed short-term help to General Motors, Ford and Chrysler, while empowering the government to order a wholesale restructuring of the industry and imposing tight restrictions on the companies.

A breakthrough came Friday when House Speaker Nancy Pelosi, yielded to President George W. Bush on a key point: allowing the aid to come from an existing fund set aside for the production of environmentally friendlier cars.

Join the Conversation!

To comment, the following rules must be followed:

  • No Obscenity, Profanity, Vulgarity, Racism or Violent Descriptions
  • No Negative Community Comparisons
  • No Fighting, Name-calling, Trolling or Personal Attacks
  • Multiple Accounts are Not Allowed
  • Stay on Story Topic

Comments may be monitored for inappropriate content, but the station is under no legal obligation to do so.
If you believe a comment violates the above rules, please use the Flagging Tool to alert a Moderator.
Flagging does not guarantee removal.

Multiple violations may result in account suspension.
Decisions to suspend or unsuspend accounts are made by Station Moderators.
Questions may be sent to comments@kbtx.com. Please provide detailed information.

powered by Disqus
KBTX-TV Channel 3 4141 E. 29th Street Bryan, TX 77802 Phone: (979) 846-7777 Fax: (979) 846-1490 News Fax: (979) 846-1888
Copyright © 2002-2015 - Designed by Gray Digital Media - Powered by Clickability 35661674 - kbtx.com/a?a=35661674
Gray Television, Inc.