After two days of going back and forth with the House and Senate, Detroit’s Big 3 can breathe a sigh of relief. Democratic leaders and the White House has reportedly reached a deal to provide billions in aid to the hurting U.S. auto industry.
A senior congressional aide told Reuters yesterday that the package, which Democratic leaders will send to President Bush next week, totals between $15 to $17 billion. While the amount is a lot less than the $34 billion requested by GM, FoMoCo and Chrysler, Democratic leaders believe that the money should hold them over until..
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