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Global Deals Review: Q4 2009

Two men shakes hands in this file photo. REUTERS/Files

Hot sectors in a tepid recovery

The energy, finance, technology and healthcare industries are expected to be the hottest areas for dealmaking in 2010.   Full Article | Full Coverage 

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White House, Democrats to meet Saturday on auto aid

WASHINGTON
Fri Dec 5, 2008 8:35pm EST
Christopher Dodd (L), chairman of the Senate Banking Committee and Senator Richard Shelby listen to testimony from the leaders of the big Detroit automakers during hearing on a financial assistance package for the companies on Capitol Hill, December 4, 2008. REUTERS/Joshua Roberts

WASHINGTON (Reuters) - Democratic leaders in Congress and the White House will meet again on Saturday to negotiate a rescue plan to help U.S. automakers, a congressional source told Reuters on Friday.

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General Motors, Ford Motor, and Chrysler have asked Congress for a combined $34 billion.

"We will meet tomorrow and go from there," the source said, speaking on condition of anonymity.

The White House and Democratic leaders had been locked in a stalemate until U.S. House Speaker Nancy Pelosi, a California Democrat, dropped her opposition to using an existing $25 billion advanced technology fund to help Detroit.

(Reporting by Thomas Ferraro; Editing by Gary Hill)
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