Dem leaders want Bush to help ailing automakers
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Posted: 5:23 AM Nov 9, 2008
Dem leaders want Bush to help ailing automakers
Washington, D.C.
Democratic leaders in Congress are asking the White House to provide more aid to the auto industry.
Reporter: The Associated Press
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Democratic leaders in Congress are asking the White House to provide more aid to the auto industry.

In a letter yesterday to Treasury Secretary Henry Paulson, House Speaker Nancy Pelosi and Senate Majority Leader Harry Reid said the Bush administration should consider expanding the $700 billion bailout to include car companies.

Automakers already want $50 billion in loans from Congress to help them survive tough economic conditions and pay retirees' health care obligations.

A Treasury Department spokeswoman says the department is working on ways to most effectively use the remaining bailout money to bolster the financial system and get lending moving again.
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