WASHINGTON, Nov. 18 (UPI) -- U.S. Treasury Secretary Henry Paulson urged Congress to modify already-passed legislation to help the auto companies rather than expect him to buy stock.
Under questioning from U.S. Rep. Brad Sherman, D-Calif., during a hearing Tuesday of the U.S. House of Representatives Committee on Financial Services, Paulson declined to provide a yes or no answer to the question of whether he would buy preferred stock in the Big Three automakers as he did in the case of banks.