House sends automaker rescue to Senate after approval

12/11/2008 | CNBC · Washington Post (tiered subscription model), The

Source: CNBC

An emergency loan package to save the Detroit Three automakers faces fierce Republican opposition in the U.S. Senate, after its approval by the House of Representatives. GOP senators doubt that the plan, worked out between the White House and House Democrats, will force the automakers to take tough actions needed to return to profitability.

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CNBC · Washington Post (tiered subscription model), The

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