Twenty Five Billion for Detroit?

by James & Miel on September 19, 2008 · 0 comments

Evently its bailout time in Washington. This story has largely flown under the radar screen, but the Detroit Free Press is reporting that the big 3 automakers have asked for 25 billion in low interest loans from congress.

It looks like both the Democrats and Republicans are on board with the loan package, so its likely that it will go through before Congress recesses on the 26th.

The story is here.

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