Auto Bailout Bill Dies

[24/7 Wall St.]

24/7 Wall St. Daily News

http://www.247wallst.com/images/2008/12/11/95129c_2.jpg (http://247wallstreet.typepad.com/.shared/image.html?/photos/uncategorized/2008/12/11/95129c_2.jpg)According to several sources, the Republican members of the Senate have effectively killed the Detroit bailout bill

The New York Times reports that (http://www.nytimes.com/2008/12/12/business/12auto.html?hp) The prospects of a $14 billion government rescue of the American auto industry seemed to vaporize as the Senate Republican leader, Mitch McConnell of Kentucky, spoke out forcefully against the bill, effectively dooming its chances despite the urgings of the White House."

Douglas A. McIntyre

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complete story here... (http://www.247wallst.com/2008/12/auto-bailout-bi.html)