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Hill sources: Democrats, White House get auto deal

December 10th, 2008 . by TexasFred

Hill sources: Democrats, White House get auto deal

WASHINGTON (AP) – Majority Democrats and the Bush White House have finalized a deal to spend $14 billion on emergency loans for struggling U.S. automakers, congressional officials said Wednesday. Strong opposition lingered among some Republicans.

The White House did not go as far as to say the deal was final, although it did report “very good progress.” The measure could see a House vote later Wednesday and be enacted by week’s end.

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Hill sources: Democrats, White House get auto deal

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2 Responses to “Hill sources: Democrats, White House get auto deal”

  1. comment number 1 by: Basti

    I swiped the pic. Love it!

  2. comment number 2 by: BobF

    So far, on what I’ve read, the automakers aren’t having problems paying suppliers or the workers. The problem seems to be paying UAW pension funds and medical benefits.

    The CEO of Ford said they paid the UAW pension funds out of the money they earn from investments in the stock market. Their pensions got paid through the stock market the same way millions of other Americans get their 401l and IRA pensions paid. When the market took a dump, millions of Americans lost big on their pensions. What I would like to know is what makes the UAW pensions more important than the millions of other Americans whose pensions went down the toilet?