Monday, December 08, 2008

Auto Bailout may be "introduced tomorrow"

by Bill McBride on 12/08/2008 10:00:00 AM

It sounds like something will be introduced tomorrow ...

From Bloomberg: Congress, White House Work to Forge Auto Aid Accord

U.S. lawmakers are working to reach an agreement today on automaker aid as they decide conditions such as when to name a so-called “car czar” and whether to replace executives.

Congress is considering loans for at least the $14 billion General Motors Corp. and Chrysler LLC say they need to keep operating through March 31. The legislation may be introduced tomorrow ...