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White House Gives Automakers $17.4B Bailout

By Clay Dillow,  Newser Staff

Posted Dec 19, 2008 8:32 AM CST

(Newser) – President Bush rolled out a $17.4 billion emergency loan package for US automakers today, promising $13.4 billion in immediate short-term loans from the remaining TARP funds and an additional $4 billion available in February, MSNBC reports. But the clock is ticking, as the...   Read full story »

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