SENATE ABANDONS AUTO BAILOUT BID AFTER G.O.P. BALKS.

The Senate on Thursday night abandoned efforts to fashion a government rescue of the American automobile industry, as Senate Republicans refused to support a bill endorsed by the White House and Congressional Democrats. The failure to reach agreement on Capitol Hill raised a specter of financial collapse for General Motors and Chrysler, which say they may not be able to survive through this month. [ABSTRACT FROM PUBLISHER]