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White House May Divert TARP Funds to Automakers

The President may tap bailout funds once thought off-limits to Detroit

By Clay Dillow, Newser Staff

Posted Dec 12, 2008 9:30 AM CST

(Newser) – The Bush administration said today it will consider using funds from the $700 billion market-rescue plan to bail out GM and Chrysler, MarketWatch reports. The shift comes after the Senate failed to pass $14 billion in emergency loans last night. The plans aren't final, but... Read full story »

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White House May Divert TARP Funds to Automakers

The President may tap bailout funds once thought off-limits to Detroit

Bush administration • Chrysler • General Motors • Ford • auto industry • bailout • financial crisis

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