• Most Popular
  • Most Shared

White House worried about autos viability language: source

WASHINGTON
Mon Dec 8, 2008 4:29pm EST

WASHINGTON (Reuters) - The White House is concerned that the draft legislation to bail out U.S. automakers does not meet its demand that only viable firms get access to the money, a White House source said on Monday.

Barack Obama  |  Deals  |  Inflows Outflows

The source, who declined to be further identified, said it was hard to say definitively since the language arrived in the last few hours, but that administration officials would continue talking to lawmakers to address the issue.

(Reporting by Jeremy Pelofsky)



More from Reuters

Photo

Economy grew 2.2 percent in third quarter

WASHINGTON (Reuters) - The economy grew at a much slower pace than previously thought in the third quarter, restrained by weak business investment and a slightly more aggressive liquidation of inventories, data showed on Tuesday.

Photo

The end of the carry trade?

Borrowing the dollar cheaply to fund purchases of higher-yielding assets was a no-brainer in 2009, but will it be a safe bet in 2010?  Full Article 

Cars travel along an overpass with an advertisement of a Saab vehicle in the background in Budapest December 21, 2009. REUTERS/Laszlo Balogh

Spyker races to clinch a deal

The Russia-backed carmaker is pressing ahead with a renewed bid for GM's Saab as reports of new backing from a Dutch billionaire swirl.  Full Article