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Pelosi and Reid Urge Aid for U.S. Automakers

Nov. 8, 2008
Democratic Congressional leaders suggested using money from the financial bailout to help distressed automakers.
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Dems agree on auto bridge loan plan

Dems agree on auto bridge loan plan

WASHINGTON, Dec. 5 (UPI) -- Congressional Democrats said Friday they have agreed on a plan for short-term loans that one lawmaker said would carry U.S. automakers "well into" next year.

Obama weighing auto aid options

CHICAGO, Dec. 5 (UPI) -- President-elect Barack Obama may have kept a low profile publicly on a bailout for U.S. automakers but he's been active behind the scenes, his advisers said.
Scientist: Link auto aid to fuel economy

Scientist: Link auto aid to fuel economy

WASHINGTON, Dec. 4 (UPI) -- Any financial aid given to the U.S. auto industry should be linked to better fuel economy, a member of the Union of Concerned Scientists said.

GAO: Board should direct automakers

WASHINGTON, Dec. 4 (UPI) -- A special board directing U.S. automakers would help safeguard the government's interests in a bailout, the federal legislative auditor testified Thursday.
Dodd says he'll try to shape auto bailout

Dodd says he'll try to shape auto bailout

WASHINGTON, Dec. 4 (UPI) -- U.S. Sen. Christopher Dodd, D-Conn., said he believes Congress may be able to fashion a bailout plan for U.S. automakers based on what he heard Thursday.
UAW bends, offers concessions

UAW bends, offers concessions

DETROIT, Dec. 4 (UPI) -- United Automobile Workers said they would rather bend than break, offering concessions to U.S. automakers on the eve of bailout hearings in Washington.

Survey: Majority oppose automaker bailout

DETROIT, Dec. 3 (UPI) -- A survey indicates 61 percent of U.S. adults said they were flat-out opposed to a federal bailout for U.S. automakers.

Automakers say bailout is do or die

DETROIT, Dec. 3 (UPI) -- U.S. automakers are in a do-or-die situation, pleading with Washington lawmakers for as much as $38 billion in federal bailout loans, a top executive said.

Automakers to ask for at least $34 billion

DETROIT, Dec. 2 (UPI) -- U.S. automakers say they are requesting at least $34 billion in bailout loans from federal lawmakers, jumping past the assumed sum of $25 billion.

UAW leaders to discuss concessions

DETROIT, Dec. 2 (UPI) -- The United Auto Workers union has called for an emergency meeting to discuss possible concessions it could make to keep U.S. automakers going, sources said.

Automakers working toward bailout vote

DETROIT, Nov. 26 (UPI) -- Detroit's automotive giants are working with lawmakers to assemble plans that could win votes on a new $25 billion bailout, sources said.
Pelosi: Automakers must be accountable

Pelosi: Automakers must be accountable

WASHINGTON, Nov. 23 (UPI) -- House Speaker Nancy Pelosi, D-Calif., said Sunday that accountability must be required of U.S. automakers if they are to get taxpayer-funded help.
Bush raps Congress on carmaker aid

Bush raps Congress on carmaker aid

LIMA, Nov. 21 (UPI) -- U.S. President George W. Bush Friday criticized Congress for not voting on a compromise measure to allow automakers access to $25 billion in federal loans.
Senators present auto bailout plan

Senators present auto bailout plan

WASHINGTON, Nov. 20 (UPI) -- U.S. senators from both parties presented their alternative for providing $25 billion in bridge loans as near-immediate help to the ailing U.S. auto industry.

UAW chief pleads for federal auto bailout

DETROIT, Nov. 20 (UPI) -- Domestic autoworkers won't be the only ones to suffer if the three U.S. automakers don't receive federal assistance now, a union leader said Thursday.
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Lori Anne Madison, 6, competes in Scripps National Spelling Bee
View Caption
Lori Anne Madison, 6, of Woodbridge, Virginia, spells out the letters in her word as she competes during the opening round of the Scripps National Spelling Bee, May 30, 2012, in National Harbor, Maryland. Madison, the youngest known qualifier in the history of the contest, correctly spelled the word "dirigible*", a lighter-than-air aircraft, to advance. UPI/Mike Theiler