House Approves Auto Bailout, But What of the Senate
by kace
http://www.nytimes.com/2008/12/11/business/11auto.html?ref=usThe House voted on Wednesday to approve a $14 billion government rescue of the American automobile industry, but the bailout plan, which would provide emergency loans to General Motors and Chrysler, was in jeopardy because of strong Republican opposition in the Senate. Without immediate federal assistance, G.M. would be in danger of not paying its…