Home > Corporate Info > 2008 GM Congressional Restructuring Plan > Deal Reached for Auto Loans, as GOP Senators Pledge to Oppose Plan
Previous
Deal Reached for Auto Loans, as GOP Senators Pledge to Oppose Plan (Visit this link)
Justin Hyde and Todd Spangler from the Detroit Free Press: Congressional Democrats and the White House reached agreement Tuesday night on the outlines of a $15-billion rescue of General Motors and Chrysler even as key Senate Republicans promised a filibuster of the draft proposal for not requiring more sacrifices from the UAW. Lawmakers and administration officials said while the final language of the bill was still being written, the House was expected to take up the bill Wednesday morning. A senior administration official said the bill stiffened the terms for the automakers to get aid. But Senate Majority Leader Harry Reid, D-Nevada, warned the Senate could be in session this weekend because of roadblocks from opponents.
Visit this Link for the Full Story.