WSJ’s John McKinnon says automakers got at least a temporary lifeline from the White House with $17.4 billion in rescue funding. The money will tide GM and Chrysler over until March, when they become the Obama administration’s problem.
Big Three Gets Money, But It’s Not Easy
WSJ’s John Stoll talks about President Bush’s move to grant a $17.4 billion bailout for the Big Three, but this check doesn’t come without strings attached.
President Bush announced a $17.4 billion dollar rescue package for the auto industry. Fox’s Mike Emanuel has the reaction from Washington. Video courtesy of Fox News.