Auto Bailout Dead in Senate
The Senate has effectively killed the chances of the auto bailout. Leading the oppositon: Republican Senator Mitch McConnell.
In a speech on the Senate floor, Mr. McConnell said he and other Republicans had drawn a clear distinction between the Treasury’s $700 billion economic stabilization, which they helped pass in October, and the proposal to aid the American automakers, which he said raised questions about which industries or individuals deserve help.
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