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Auto Bailout Talks Collapse as Senate Deadlocks Over Wages

 

Published 12/12/2008 by Paul Kane at Wash Post Obama Administration

An eleventh-hour effort to salvage a proposed $14 billion rescue plan for the auto industry collapsed last night as Republicans and Democrats failed to agree on the timing of deep wage cuts for union workers, killing the legislative plan and threatening America's carmakers with bankruptcy. (link)

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