Bush, Democrats seek to finalize auto bailout
By Thomas Ferraro and Donna Smith
WASHINGTON (Reuters) – White House and congressional negotiators sought on Sunday to resolve remaining differences over an emergency rescue for the struggling auto industry, a stark symbol of the deepening U.S. economic crisis.
Prodded by shock unemployment figures that showed the country shed more than half a million jobs last month alone, negotiators tried to turn into legislation an agreement in principle to provide “The Big Three” U.S. automakers with at least $15 billion in short-term loans.
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