CORRESPONDENTS
David Lightman
It isn't just the cars: Lawmakers say executives are 'lemons,' too
WASHINGTON — Sen. Charles Grassley, R-Iowa, knows what he wants from the Big Three auto executives: They should bow down to stockholders and apologize. | 12/15/08 15:25:00 By - David Lightman
For Congress, auto executives are 'lemons,' too
Sen. Charles Grassley, R-Iowa, knows what he wants from the Big Three auto executives: They should bow down to stockholders and apologize. The public agrees. A poll found that 43 percent blamed management and executives for the auto industry's plight, while 15 percent blamed labor unions. The widespread disdain for the executives makes it hard for lawmakers to rally support for bailing out the industry. | 12/15/08 15:45:19 By - David Lightman
Why the Senate GOP scuttled the automakers' bailout
Most Senate Republicans were willing to scuttle the $14 billion auto bailout Thursday night because of their longstanding disdain for labor unions, free-market preferences — and a yearning to show that a month after stinging defeats at the polls, they could stick together. | 12/12/08 17:26:00 By - David Lightman
White House may tap Treasury funds to help automakers
The Bush administration will weigh its options over the weekend, deciding how best to proceed with its promise to keep Detroit automakers out of bankruptcy. | 12/12/08 11:54:00 By - Kevin G. Hall and David Lightman
Aid for carmakers dead over labor costs; next steps unclear
Senate efforts collapsed late Thursday to negotiate an assistance package for U.S. automakers. Lawmakers had bargained throughout the evening with each other and labor and auto company officials in a last-ditch effort to provide $14 billion in loans to the car companies. Majority Leader Harry Reid of Nevada called the measure's failure "a loss for the country." | 12/11/08 13:31:00 By - David Lightman
Auto bailout bill clears House but faces roadblock in Senate
The House of Representatives approved a $14 billion auto industry rescue Wednesday night by a vote of 237 to 170. However, Senate Republicans' doubts about the emergency loan plan for Detroit's ailing auto industry threaten to put the brakes on the effort. | 12/10/08 18:23:00 By - David Lightman
Auto bailout's magic number? 60 Senate votes
The White House and Congress reached agreement Wednesday on how to pump $15 billion in emergency aid to auto companies, but many key Republican lawmakers remained wary of the deal, jeopardizing its prospects. Some Republican Senators were threatening a filibuster. | 12/10/08 00:43:00 By - David Lightman
$15 billion Detroit bailout stalls over GOP reservations
Efforts to craft a $15 billion auto-industry rescue plan stalled Tuesday as key Republican lawmakers raised questions. Democrats remained optimistic they'd get an agreement soon. Republicans raised questions about the extent of the overseer's authority and insisted on stronger action against car companies that don't become profitable. | 12/09/08 18:28:00 By - David Lightman
Big Three auto bailout would put U.S. in driver's seat
The plan, which Congress is likely to consider later this week, would give the government authority over major decisions by the automakers. General Motors, Ford and Chrysler would have to report progress to Congress regularly and come up with a long-term restructuring plans by March 31. The government would also set executive pay. The companies couldn't own private aircraft. | 12/08/08 18:59:00 By - David Lightman and Kevin G. Hall
Business dead, car dealers say they deserve help, too
Would-be car buyers can't get credit, vehicle sales are plunging and auto sales jobs are in jeopardy — but as Washington considers aid to the auto industry, it's offering no direct help for car dealers. Yet across the nation, many dealerships face serious problems, and their fate could affect not just those who work for them, but their entire communities. | 12/08/08 17:48:00 By - David Lightman
House lawmakers voice skepticism on bailing out Detroit
The White House and congressional leaders took steps Friday to break their weeks-long deadlock over how to help the ailing American auto industry. The potential for a breakthrough comes after House and Senate hearings showed that most members agree the industry is in trouble, but there were wide disagreements about how to proceed. | 12/05/08 00:11:00 By - David Lightman
Auto executives try harder, but lawmakers remain wary
Detroit's Big Three automakers presented themselves to skeptical senators Thursday as humble, contrite and badly in need of $34 billion in federal help quickly. But senators who heard their testimony offered little to reassure them. Even those who support giving lending money to the carmakers worried that they couldn't be trusted to spend it well. | 12/04/08 10:55:00 By - David Lightman
Union concessions may improve prospects for auto bailout
On the eve of congressional hearings, union leaders agreed to give the Big 3 carmakers more time to make pension contributions and will suspend a program that let laid-off workers collect most of their salary. But key congressional leaders still weren't willing to say whether the carmakers will get the aid they are seeking. | 12/03/08 17:53:00 By - David Lightman and Kevin G. Hall
Pelosi says Congress won't let Big 3 carmakers go bankrupt
Their fates now in the hands of lawmakers, Detroit's Big Three automakers are girding for congressional hearings later this week to determine if they'll receive a government bailout of as much as $34 billion or face the prospect that at least one of them might file for bankruptcy. They got an important declaration of support from House Speaker Nancy Pelosi on Tuesday. | 12/02/08 14:18:28 By - Kevin G. Hall and David Lightman
Both parties have big stakes in Georgia Senate runoff
The fight for Georgia's U. S. Senate seat is a struggle for much more. For Democrats, the Tuesday runoff could give them their 59th seat in the next Senate. And if Democrat Al Franken beats GOP incumbent Norm Coleman in Minnesota's recount, which will continue into December, Democrats would reach the magic number of 60 Senate seats — the number required under Senate rules to shut off debate and force a vote. | 11/30/08 06:00:00 By - David Lightman and Matt Barnwell
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