Our nation is engaged in a candid debate about how to maintain economic security for the middle class. For many in our community, it’s not…
Our nation is engaged in a candid debate about how to maintain economic security for the middle class. For many in our community, it’s not…
WASHINGTON — President Barack Obama is making a strong election-year push for an economic revival “built on American manufacturing.” But he faces an uphill slog, with little consensus even within his own party on how to do it. SEE ALSO: Is Mitt Romney Losing His Mojo? For decades, the United States has gradually shifted from […]
DETROIT — As more U.S. buyers head back into auto dealerships, automakers are jostling for their attention with sweetened deals.
From Time.com: One of the women who took Barack Obama on a tour of the Jeep Grand Cherokee assembly line Friday wore a t-shirt with the president’s image that read “Our Dreams Do Come True.” A few miles away, at the Hamtramck General Motors plant, workers brought in red-white-and-blue pom poms to celebrate his arrival. […]
Detroit automakers got public reassurance Monday from President George W. Bush that short-term government help for the industry is in the works and could come soon.
Their efforts in Congress squashed, U.S. automakers are depending upon a reluctant White House to quickly provide a multibillion lifeline to help them avoid imminent collapse.
A House-passed bill to speed $14 billion in loans to Detroit’s automakers stands on shaky ground in a bailout-weary Congress, undermined by Republican opposition that could derail the emergency aid in the Senate.
A government “car czar” with the power to force U.S. automakers into bankruptcy would dole out $15 billion in emergency loans to the failing industry under an emerging deal between the White House and congressional Democrats.
