Archive for December 11th, 2008

Obama Worked to Distance Self From Blagojevich Early On

Written by on Thursday, December 11th, 2008 in Latest News.

Like every other politician in Illinois, Gov. Rod Blagojevich waited for Barack Obama’s call this summer. He told colleagues that he expected a speaking role at the 2008 Democratic National Convention, a nice bit of payback for being the first governor to endorse the senator from Illinois in his…

Original post by AFP and software by Elliott Back

$14B auto bailout dies in Senate (AP)

Written by on Thursday, December 11th, 2008 in Latest News.

Senate Majority Whip Dick Durbin, D-Ill., is pursued by members of the press, Thursday, Dec. 11, 2008, on Capitol Hill in Washington. Labor, lawmakers and the auto industry bargained in unprecedented private talks at the Capitol Thursday night, claiming progress in a common struggle to salvage a $14 billion government bailout of the nation's Big Three car makers.(AP Photo/Haraz N. Ghanbari)AP – A $14 billion emergency bailout for U.S. automakers collapsed in the Senate Thursday night after the United Auto Workers refused to accede to Republican demands for swift wage cuts.

Original post by AP and software by Elliott Back

Auto bailout dies in Senate (Reuters)

Written by on Thursday, December 11th, 2008 in Latest News.

A car trailer is seen outside a Chrysler plant in Detroit, Michigan December 11, 2008. Proposed government bailout of the struggling U.S. auto industry faced uncertainty on Thursday as a U.S. House-approved $14 billion plan ran into stiff opposition from Republican lawmakers in the Senate. (Carlos Barria/Reuters)Reuters – The U.S. Senate failed on Thursday night to reach a last-ditch compromise to bail out automakers, effectively killing any chance of congressional action this year.

Original post by Reuters and software by Elliott Back



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