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Pelosi, Congress consider more money for U.S. automakers
House leader Nancy Pelosi may have given the beleaguered U.S. auto industry it's biggest and best hope yet after the leading Congressional Democrat told NPR that Congress is considering more loan money for the ailing industry. Pelosi and House leadership met on Monday about a second $25 billion bridge loan that would buy the Detroit Three time during a brutal downturn. Pelosi is also meeting with management from each domestic automaker plus UAW President Ron Gettelfinger today to discuss possible loan packages. Pelosi said the potential loans ... Read more →
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Pelosi, Congress consider more money for U.S. automakers 1 year ago on Autoblog
House leader Nancy Pelosi may have given the beleaguered U.S. auto industry it's biggest and best hope yet after the leading Congressional Democrat told NPR that Congress is considering more loan money for the ailing industry. Pelosi and House leadership met on Monday about a second $25 billion ...
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