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Aides to a bipartisan group of auto-state senators say they have reached a compromise to speed emergency loans to the ... (WPBN Traverse City)
Aides to a bipartisan group of auto-state senators say they have reached a compromise to speed emergency loans to the Detroit Three carmakers.
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Senators Reach Compromise On Emergency Auto Loans: Report (Fox News)
Senators Reach Compromise On Emergency Auto Loans: Report
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3rd UPDATE: DOE Secy: May Have Loans For Auto Cos By Yr End (INO News)
WASHINGTON (Dow Jones)--The U.S. Energy Secretary on Wednesday urged Congress to modify rules for $25 billion in plant-retooling loans for cash-strapped auto companies and said the loans could be disbursed by year's end.
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DOE Bodman: May Have Loans For Auto Cos By Yr End (INO News)
WASHINGTON (Dow Jones)--Auto companies have submitted five applications for $25 billion in loans to retool plants for fuel-efficient vehicles to the Department of Energy, and DOE could disburse funds by the end of the year, Energy Secretary Samuel Bodman said Wednesday.
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Stocks pull off losses on auto bailout hopes (AP via Yahoo! News)
Hopes that lawmakers could extend relief to the troubled auto industry eased some of investors' worries about the economy Thursday but stocks were volatile as prospects for a deal remained murky. A bipartisan group of senators reached a compromise to funnel emergency loans to Detroit's car makers but the plan faces opposition in the Senate.
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Push for auto loans a tough fight, Cockrel says (Detroit News)
Mayor Cockrel turned a previously planned lobbying trip to the Capitol into a plea for financial aid to the auto industry Wednesday, but he acknowledged that legislation to help the Big Three carmakers is in serious doubt.
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Senators present auto bailout plan (UPI)
WASHINGTON, Nov. 20 (UPI) -- U.S. senators from both parties presented their alternative for providing $25 billion in bridge loans as near-immediate help to the ailing U.S. auto industry.
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Deadlock over auto loans makes NY's problem worse (The Ithaca Journal)
WASHINGTON - The housing bust, financial services crisis and waves of layoffs on Wall Street that caused New York state's budget crisis could soon be followed by major layoffs in upstate cities linked to the auto industry, a delegation of state officials led by Gov. David Paterson told top Democrats in Congress on Wednesday.
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Democrat: Gov't could revoke auto bailout loans (AP via Yahoo! News)
A Key Democrat says a House auto industry bailout would require that U.S. automakers immediately repay $25 billion in government loans next year if they can't show they're financially viable.
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Deadlock over auto loans makes NY's problem worse (The Journal News)
The housing bust, financial services crisis and waves of layoffs on Wall Street that caused New York state's budget crisis could soon be followed by major layoffs in upstate cities linked to the auto industry, a delegation of state officials led by Gov. David Paterson told top Democrats in Congress yesterday.
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