Dec 12

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The White House said Friday it was considering tapping the $700 billion financial industry bailout fund to prevent the collapse of the ailing U.S. auto giants after the Senate failed to reach a compromise on a rescue package for Detroit's…

Congress returns to Washington Monday to convene a lame-duck session with the struggling auto industry as its first priority. Democrats want to use part of the $700 billion Wall Street bailout for emergency loans to help the Big Three carmakers.