Dec 19 Watch Rescue Plan Would Force Auto Companies to Restructure President Bush has unveiled a $17 billion automaker rescue plan that will force the companies to restructure in order to remain competitive. A White House economist and a congressman debate the package. Continue watching
Dec 11 GOP Could Put Brakes on Auto Rescue Bill By Admin, PBS News Hour As a compromise deal between Democrats and the White House to extend $14 billion in emergency loans to struggling U.S. automakers moves forward, it faces strong opposition by some GOP lawmakers. Continue reading
Dec 09 Watch Congress Debates Details of Automaker Rescue Plan Senate leaders continued to hammer out details of a rescue plan for U.S. automakers Tuesday, including limits on executive compensation and federal oversight of industry restructuring. Sens. Chris Dodd, D-Conn., and Richard Shelby, R-Ala., debate the plan's merits. Continue watching
Dec 08 Watch Auto Rescue Plan Advances as Congress, White House Near Deal Congressional leaders are hammering out a deal with the White House to offer General Motors and Chrysler $15 billion in low-interest loans. Two reporters discusses the details. Continue watching
Dec 04 Auto Execs Renew Case for Government Aid By PBS News Hour Leaders of Detroit's Big Three automakers returned to Capitol Hill Thursday to renew their case for an expanded $34 billion rescue package, but heard fresh skepticism from lawmakers on their plea. Continue reading
Dec 02 Big Three Automakers Submit Plans to Congress By PBS News Hour The three biggest U.S. automakers -- Ford Motor Co., General Motors Corp., and Chrysler LLC -- submitted plans to Congress on Tuesday, in hopes of getting a line of credit from the government to keep their companies in business. Continue reading
Nov 21 After Leaving Washington Empty-handed, Automakers Set to Craft Recovery Plan By PBS News Hour While the Big Three U.S. automakers' hopes of an immediate financial shot in the arm were dashed Thursday on Capitol Hill, they are expected to meet lawmakers' demands to craft a convincing plan for rebuilding their once-mighty industry by Dec. Continue reading
Nov 20 Markets Tumble, Citigroup Stocks Sink as Debate Over Auto Bailout Stalls By PBS News Hour U.S. stocks plunged again Thursday to a five-year low as hopes dimmed that lawmakers could quickly put together an aid package for U.S. automakers. Continue reading
Nov 20 U.S., World Stocks Tumble Amid Bleak Jobs Report By PBS News Hour U.S. stocks opened lower Thursday as investors worried that a possible failure by automakers to get a bailout would add to the economy's woes and as new data showed the number of new claims for jobless benefits was at its… Continue reading
Nov 19 Watch GM CEO Defends Auto Industry’s Bid for Government Aid Auto industry executives testified before Congress Wednesday, asking lawmakers to provide aid to the struggling companies and responding to criticisms of poor management. General Motors' CEO Rick Wagoner discusses the industry's crisis and his company's case for government help. Continue watching