White House Assessing Options to Aid Carmakers

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Associated Press: The White House weighed its options Saturday for preventing a collapse of the troubled auto industry, once the backbone of the U.S. economy. So far, the only thing certain is that the Bush administration wants to avoid the possibility of a disorderly bankruptcy of any of the Big Three. General Motors and Chrysler have said they could run out of cash within weeks without government help. "Administration officials are continuing to gather financial information from the automakers, assessing the data, their cash position going forward," White House deputy press secretary Tony Fratto said Saturday. "We'll take a look at that information, make some judgments and review our options."

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Photos from Saturn's Display at the 2008 New York International Auto Show

Photos from Saturn's Display at the 2008 New York International Auto Show

Sometimes work gets in the way of fun, and unfortunately this year I wasn't able to attend the New York International Auto Show (NYIAS). Luckily my Dad was able to spend a day at the show as the site's official correspondent.