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White House Moves Toward Auto Bailout

Dec. 13, 2008
The Bush administration yesterday moved to pull Detroit's automakers back from the brink, saying it would drop its opposition to tapping the $700 billion financial industry rescue package to help General Motors and Chrysler survive through year's end.
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Bush spokesman defends bailout

WASHINGTON, Dec. 23 (UPI) -- The bailout of the U.S. auto industry arranged by the Bush administration is the best possible given Congress's failure to act, a spokesman said Tuesday.
Nardelli to workers: Lobby D.C. on rescue

Nardelli to workers: Lobby D.C. on rescue

DETROIT, Dec. 12 (UPI) -- Chrysler LLC Chairman Robert Nardelli Friday urged employees to contact the White House to urge approval of a rescue package for the U.S. auto industry.
Paulson: Bailout not for auto industry

Paulson: Bailout not for auto industry

WASHINGTON, Nov. 12 (UPI) -- The bailout package is for the financial industry, not the U.S. auto industry, despite its importance to the economy, Treasury Secretary Henry Paulson said.
Obama urges Bush on auto industry rescue

Obama urges Bush on auto industry rescue

WASHINGTON, Nov. 10 (UPI) -- U.S. President-elect Barack Obama urged President George Bush Monday to support financial aid for carmakers, sources said after the two met at the White House.

Bush: U.S. economy in crisis

WASHINGTON, Sept. 24 (UPI) -- U.S. President George W. Bush said the nation's economy would suffer catastrophic effects if Congress fails to pass a bailout of the financial industry.

Automaker loans to be part of bailout

WASHINGTON, Sept. 20 (UPI) -- Billions of dollars in loans slated for U.S. automakers seem likely to go through as Congress moves to bail out the banking industry, industry players say.
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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