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    Two down, one to go: Senate approves $25 billion for Big 3     1222698540

    Last week, the House of Representatives passed a bill approving a $25 billion loan for the Detroit 3. Now the Senate, by a similar margin, has passed the bill, which means it needs George W. Bush's John Hancock in order for the automakers to see their funds.The process actually began last year when ...

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    WSJ: Big 3 seeking $25 billion from Feds     1219438680

    No matter how you slice it, a proposed $25 billion loan from the Feds is a bailout, and that's exactly what Detroit's Big Three automakers are after, according to a report by the Wall Street Journal.Lobbyists for General Motors, Chrysler and Ford have met with White House officials, Rep. John ...

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