WASHINGTON (AP) — Prospects dimmed on Monday for the $25 billion bailout that U.S. automakers say they desperately need to get through a bleak and dangerous December. Though all sides agree that Detroit’s Big Three carmakers are in peril, battered by the economic meltdown that has choked their sales and frozen loans, the White House and congressional Democrats are headed for stalemate over the government money that might go toward helping them.—-Contact The Daily Reveille’s news staff at [email protected]
Aid prospects darken for US automakers
By The Associated Press
November 17, 2008