1. While House Aims To Vote On Bailout Bill Later Today.
- Author
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Bourge, Christian, Goode, Darren, and Sanchez, Humberto
- Subjects
- *
INTERNATIONAL economic assistance -- Law & legislation , *AUTOMOBILE industry , *FINANCIAL bailouts , *LEGISLATIVE bills , *CONCESSIONS (Administrative law) - Abstract
The article discusses the move of the White House to vote on a bailout bill concerning the automotive industry in an aim to change the language in the bill and require adherence to federal emissions standards only in the U.S. House Republican leaders proposed a plan that would forgo low-interest loans and call on the government to provide insurance in order to ensure the taxpayers' protection. It states that automotive players ought to make concessions to assure the sector's viability.
- Published
- 2008