Auto Bailout: Lowering Expectations
From the Associated Press via Yahoo! News: "Reid seeks to lower expectations for auto bailout," by Ken Thomas--
The top Senate Democrat sought Wednesday to lower expectations for legislation this week to help endangered domestic carmakers, saying it would be the Bush administration's job to save the industry if Congress doesn't.
"The Congress need do nothing" if it can't agree on a bill to speed $25 billion in new loans to the industry, Sen. Harry Reid of Nevada told colleagues. While he told the Senate he still hoped lawmakers could agree to an auto deal in the "next day or two" of the current lame-duck session, he added: "If we can't do it here legislatively, I would hope that the secretary of Treasury would listen loud and clear because they could take this into their own hands and do what I think is appropriate from their perspective."
"The Congress need do nothing" if it can't agree on a bill to speed $25 billion in new loans to the industry, Sen. Harry Reid of Nevada told colleagues. While he told the Senate he still hoped lawmakers could agree to an auto deal in the "next day or two" of the current lame-duck session, he added: "If we can't do it here legislatively, I would hope that the secretary of Treasury would listen loud and clear because they could take this into their own hands and do what I think is appropriate from their perspective."
--Posted by Godfrey Illinois personal injury lawyers and the Edwardsville Illinois truck accident attorneys of Schaeffer & Lamere, P.C., handling Missouri car accident, Missouri personal injury, products liability, workers' compensation, medical malpractice, truck accidents, and all other types of injury cases.
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