You settled in yet? Michigan asks Obama for $25B in new loans
The additional $25 billion would be tacked onto the $25 billion already allocated for automakers and suppliers to revamp facilities and build more fuel-efficient models. The Michigan representatives are also lobbying to retain $1 billion in grants and another $3.3 billion in loans for battery development, and hope that a large share of the federal unemployment aid will make its way to the state which is dealing with a 10.6% unemployment rate as of December.
[Source: Detroit Free Press]
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